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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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Justin James Guler

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

3758 Millstone Lane, Deforest, WI 53532

Justin Guler

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 17 Years

CONTACT

3758 Millstone Lane, Deforest, WI 53532

Christopher J Arnold

Employee Rights, Securities, Bankruptcy, Medical Malpractice

Status: In Good Standing

CONTACT

1525 River Road, Deforest, WI 53532

Richard Wallace Zeddun

Defect and Lemon Law, Bankruptcy, Bankruptcy & Debt

Status: Deceased Licensed: 27 Years

CONTACT

2801 International Ln, Madison, WI 53704

Jill Lendu Johnson

General Practice

Status: In Good Standing

CONTACT

1837 Aberg Ave, Madison, WI 53704

Peggy L. Barlett

Real Estate, Industry Specialties, Bankruptcy & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

3001 Deming Way, Middleton, WI 53562

Micabil Diaz-Martinez

Divorce, Bankruptcy

Status: In Good Standing

CONTACT

2413 Parmenter Street, Middleton, WI 53562

Ramzy Halaby

Child Custody, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

2501 Parmenter Street, Middleton, WI 53562

800-923-0641

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LEGAL TERMS

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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Dane Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Justin James Guler

Justin Guler

Christopher J Arnold

Richard Wallace Zeddun

Jill Lendu Johnson

Peggy L. Barlett

Micabil Diaz-Martinez

Ramzy Halaby

TIPS

LEGAL TERMS

CURRENT MONTHLY INCOME

REPOSSESSION

DEFINED CONTRIBUTION PLAN

C CORPORATION

BANKRUPTCY

LIQUIDATING PARTNER

TRADE NAME

DEBT COLLECTOR

FAIR LABOR STANDARDS ACT (FLSA)

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