Elmwood Park Bankruptcy & Debt Lawyer, Wisconsin, page 4

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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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Matthew V. Plummer

Lawsuit & Dispute, Divorce & Family Law, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

3407 S 11th St, Milwaukee, WI 53215

Chris Head

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

Status: In Good Standing Licensed: 12 Years

CONTACT

436 E Plainfield Ave, Milwaukee, WI 53207

Joseph Ryan

Landlord-Tenant, Foreclosure, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

128 W. Mineral St., Milwaukee, WI 53204

Christine Ann Kapsos

Real Estate, Credit & Debt, Bankruptcy, Legal Malpractice

Status: In Good Standing Licensed: 27 Years

CONTACT

3216 S 92nd St, Milwaukee, WI 53227

Rollie Hanson

Estate, Elder Law, Wills & Probate, Bankruptcy & Debt, Business

Status: In Good Standing Licensed: 39 Years

CONTACT

6767 W Greenfield Ave, Milwaukee, WI 53214

Nicholas J. DeStefanis

Bankruptcy & Debt, Criminal, Divorce & Family Law, Accident & Injury, Estate

Status: In Good Standing Licensed: 17 Years

CONTACT

1126 S. 70th Street, West Allis, WI 53214

Sarah J. Barnes

Estate, Divorce & Family Law, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

1221 John Q Hammons Dr, Madison, WI 53717

Donald Leo Bach

Workers' Compensation, Family Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 50 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Laurie Bigsby

Industry Specialties, Family Law, Consumer Rights, Bankruptcy & Debt

Status: In Good Standing

CONTACT

301 N Third St, Watertown, WI 53094

Peter C. Blain

Industry Specialties, Business, Reorganization, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

1000 N Water St, Milwaukee, WI 53201

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

FCBA

See Fair Credit Billing Act.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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Elmwood Park Bankruptcy & Debt Lawyer, Wisconsin, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Matthew V. Plummer

Chris Head

Joseph Ryan

Christine Ann Kapsos

Rollie Hanson

Nicholas J. DeStefanis

Sarah J. Barnes

Donald Leo Bach

Laurie Bigsby

Peter C. Blain

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LEGAL TERMS

SUBROGATION

UNSECURED DEBT

LIMITED PARTNERSHIP

REPOSSESSION

FCBA

ADMINISTRATIVE EXPENSES

INTEREST

BULK SALES LAW

DISPOSABLE INCOME

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