Cashton Bankruptcy & Debt Lawyer, Wisconsin

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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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William A. Woodrow

Bankruptcy

Status: In Good Standing Licensed: 49 Years

CONTACT

2401 E Enterprise Ave, Appleton, WI 54913

Paul Raymond Uttech

Tax, Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 30 Years

CONTACT

N7652 Edgewater Dr, Beaver Dam, WI 53916

Steven L. Vollmer

Real Estate, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

2611 Chatsworth Dr, Beloit, WI 53511

Matthew J. Krawczyk

Corporate, Business Organization, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 18 Years

CONTACT

16535 W Bluemound Rd, Brookfield, WI 53005

Brian R. Wanasek

Government, Employee Rights, Criminal, Bankruptcy

Status: In Good Standing Licensed: 46 Years

CONTACT

133 S Pine St, Burlington, WI 53105

Onnie L. Smith

Estate, Environmental Law Other, Insurance, Collection

Status: Retired Licensed: 35 Years

CONTACT

S6 W31561 Christopher Way, Delafield, WI 53018

Mart W. Swenson

Bankruptcy & Debt, Bankruptcy

Status: In Good Standing

CONTACT

118 E Grand Ave, Eau Claire, WI 54701

Daniel M. Smetana

Real Estate, Government, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 43 Years

CONTACT

8287 Hillview Rd, Eau Claire, WI 54701

Evan Swenson

Bankruptcy, Consumer Bankruptcy, Reorganization, Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

118 E Grand Ave, Eau Claire, WI 54701

Bernard J. Westfahl

Real Estate, Estate, Business, Credit & Debt

Status: In Good Standing Licensed: 53 Years

CONTACT

13307 Watertown Plank Rd, Elm Grove, WI 53122

800-923-0641

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LEGAL TERMS

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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Cashton Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

William A. Woodrow

Paul Raymond Uttech

Steven L. Vollmer

Matthew J. Krawczyk

Brian R. Wanasek

Onnie L. Smith

Mart W. Swenson

Daniel M. Smetana

Evan Swenson

Bernard J. Westfahl

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LEGAL TERMS

SUBROGATION

WORKOUT

PREFERENCE

ADMINISTRATIVE EXPENSES

BANKRUPTCY

MEANS TEST

IRS EXPENSES

HOUSEHOLDER

BULK SALES LAW

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