Eau Galle 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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D. Peter Seguin

Bankruptcy, Corporate, Estate Planning, Wills & Probate, Estate

Status: In Good Standing

CONTACT

110 Second Street, Hudson, WI 54016

Joshua D. Christianson

Foreclosure, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

2108 Broadway St S, Menomonie, WI 54751

Diana Lynn Snyder

Government, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 13 Years

CONTACT

2010 Dairyland Road, Menomonie, WI 54751

Francis X. Rivard

Traffic, Criminal, Contract, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

1106 10th St E, Menomonie, WI 54751

Lucy A Bjork

Real Estate, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

E7818 County Rd E, Menomonie, WI 54751

Russell D. Nicolet

Bankruptcy & Debt, Accident & Injury, Workers' Compensation, Social Security -- Disability, Mass Torts

Status: In Good Standing Licensed: 18 Years

FREE CONSULTATION

CONTACT

402 Graham Ave., Eau Claire, WI 54701

Raymond James French

Municipal, Wills & Probate, Estate Planning, Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

3103 Ellis Street, Eau Claire, WI 54701

Michael Schumacher

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: Suspended Licensed: 42 Years

CONTACT

116 West Grand Avenue, Eau Claire, WI 54701

Brian Howard Wright

Employment, Criminal, Litigation, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

116 West Grand Avenue, Eau Claire, WI 54702

Eric Wiechert

International Tax, Construction, Bankruptcy

Status: In Good Standing

CONTACT

126 N Barstow St., Eau Claire, WI 54702

800-923-0641

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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

CCCS

See Consumer Credit Counseling Service.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

Eau Galle Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

D. Peter Seguin

Joshua D. Christianson

Diana Lynn Snyder

Francis X. Rivard

Lucy A Bjork

Russell D. Nicolet

Raymond James French

Michael Schumacher

Brian Howard Wright

Eric Wiechert

TIPS

LEGAL TERMS

SOLE PROPRIETORSHIP

CREDIT REPORT

ACCORD AND SATISFACTION

PREFERENCE

CCCS

PRESUMED ABUSE

CHAPTER 7 BANKRUPTCY

401(K) PLAN

FCBA

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