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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

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

William Rameker

Litigation, Corporate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Jane F. (Ginger) Zimmerman

Corporate, Business Organization, Collection, Bankruptcy

Status: In Good Standing Licensed: 40 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

James Craig Murray

Traffic, Divorce & Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

10 E Doty St, Madison, WI 53703

Brittany Ogden

Bankruptcy, Corporate, Credit & Debt, Intellectual Property

Status: In Good Standing

CONTACT

33 East Main Street, Madison, WI 53703

Jeffery P. Phillips

Bankruptcy, Credit & Debt

Status: In Good Standing Licensed: 18 Years

CONTACT

121 S. Pinckney St., Madison, WI 53703

Richard Walter Jablonski

Patent, Computer Law, Insurance, Commercial Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

3901 Plymouth Circle, Madison, WI 53705

Lloyd J. Blaney

Real Estate, Wills & Probate, Trusts, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 43 Years

CONTACT

3602 Atwood Ave, Madison, WI 53714

800-923-0641

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LEGAL TERMS

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

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.

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.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

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.

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST WOODS v. Woods

... We review the report of the referee, John Murphy, recommending the court suspend Attorney Terrence Woods' license to practice law for a period of ninety (90) days for professional misconduct committed in the context of a bankruptcy proceeding and a divorce proceeding. ...

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST BOYD

... A significant portion of her practice is apparently devoted to handling bankruptcies since she stated at the public hearing before the referee that she has handled between 1,000 and 1,200 bankruptcy cases since starting her practice. ...

MATTER OF DISCIPLINARY PROCEEDINGS AGAINST JENNINGS

... proceeding. 649 Â¶ 2 Attorney Jennings was admitted to practice law in Wisconsin in 1975. In May 1986 he was appointed to represent Milwaukee Cheese and Sheboygan Sausage in chapter 11 bankruptcy proceedings. Between ...

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Madison Bankruptcy Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven W. Zaleski

Craig E. Stevenson

William Rameker

Jane F. (Ginger) Zimmerman

Edward A. Corcoran

James Craig Murray

Brittany Ogden

Jeffery P. Phillips

Richard Walter Jablonski

Lloyd J. Blaney

TIPS

LEGAL TERMS

NONPROFIT CORPORATION

CHAPTER 7 BANKRUPTCY

SUBROGATION

COLLECTION AGENCY

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

FDCPA

FAIR LABOR STANDARDS ACT (FLSA)

BULK SALES LAW

DEFINED CONTRIBUTION PLAN

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST WOODS v. Woods

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST BOYD

MATTER OF DISCIPLINARY PROCEEDINGS AGAINST JENNINGS

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