Hillsboro 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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Amie B. Trupke

Environmental Law Other, Workers' Compensation, Bankruptcy, Products Liability

Status: Suspended Licensed: 22 Years

CONTACT

6293 Quail Ct, Oregon, WI 53575

Andrew Aaron Van Sickle

Government, Family Law, Bankruptcy, Accident & Injury

Status: Suspended Licensed: 29 Years

CONTACT

733 James Ct, Pulaski, WI 54162

Ann E. Stevning-Roe

Real Estate, Government, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

214 W 5Th St, Marshfield, WI 54449

Anthony R. Varda

Workers' Compensation, Family Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 49 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Arthur A. Vogel

Environmental Law Other, Environmental Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 45 Years

CONTACT

411 E Wisconsin Ave, Milwaukee, WI 53202

Benoit Letendre

Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

123 2Nd Street, Baraboo, WI 53913

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

Brady C. Williamson

Litigation, Communication & Media Law, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1 E Main St, Madison, WI 53701

Brian R. Wanasek

Government, Employee Rights, Criminal, Bankruptcy

Status: In Good Standing Licensed: 47 Years

CONTACT

133 S Pine St, Burlington, WI 53105

Brian C. McGraw

Real Estate, Government, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

106 N Wisconsin Ave, Muscoda, WI 53573

800-923-0641

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LEGAL TERMS

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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Hillsboro Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Amie B. Trupke

Andrew Aaron Van Sickle

Ann E. Stevning-Roe

Anthony R. Varda

Arthur A. Vogel

Benoit Letendre

Bernard J. Westfahl

Brady C. Williamson

Brian R. Wanasek

Brian C. McGraw

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LEGAL TERMS

AUTOMATIC STAY

INTEREST

NO-FAULT INSURANCE

LOSS DAMAGE WAIVER (LDW)

PREFERENCE

COLLECTION AGENCY

DISPOSABLE INCOME

CREDIT COUNSELING

TOXIC TORT

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