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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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Steven W. Zaleski

Farms, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

10 East Doty Street, Madison, WI 53703

Craig E. Stevenson

Business, Credit & Debt, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

33 East Main Street, Madison, WI 53701

Teresa K. Kobelt

State Trial Practice, Contract, Business Organization, Collection

Status: In Good Standing

CONTACT

1424 North High Point Road, Middleton, WI 53562

William Rameker

Litigation, Corporate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Robert A. Pasch

Corporate, Business Organization, Banking & Finance, Collection

Status: In Good Standing Licensed: 52 Years

CONTACT

33 E Main St, Madison, WI 53701

Jane F. (Ginger) Zimmerman

Corporate, Business Organization, Collection, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

33 E Main St, Madison, WI 53701

Edward A. Corcoran

Estate Planning, Labor Law, Family Law, Bankruptcy

Status: In Good Standing Licensed: 43 Years

CONTACT

Madison, WI 53705

Krista R. Pleviak

Corporate, Credit & Debt, Real Estate, Business

Status: In Good Standing

CONTACT

25 West Main Street, Madison, WI 53701

Vernon J. Jesse

Real Estate, Immigration, Criminal, Business, Bankruptcy & Debt

Status: In Good Standing

CONTACT

33 E Main St, Madison, WI 53701

James Craig Murray

Traffic, Divorce & Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

10 E Doty St, Madison, WI 53703

800-923-0641

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LEGAL TERMS

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.

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.

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.'

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

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Madison Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven W. Zaleski

Craig E. Stevenson

Teresa K. Kobelt

William Rameker

Robert A. Pasch

Jane F. (Ginger) Zimmerman

Edward A. Corcoran

Krista R. Pleviak

Vernon J. Jesse

James Craig Murray

TIPS

LEGAL TERMS

ACCORD AND SATISFACTION

DEFINED CONTRIBUTION PLAN

LOSS DAMAGE WAIVER (LDW)

DOING BUSINESS AS (DBA)

COSIGNER

MEETING OF CREDITORS

INFRINGEMENT (OF TRADEMARK)

UNDUE HARDSHIP

NO-FAULT INSURANCE

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