Melrose 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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Berton Dale Sherman

Banking & Finance, Bankruptcy, Corporate, Business Organization

Status: In Good Standing

FREE CONSULTATION

CONTACT

104 Main Street, Black River Falls, WI 54615

David B. Russell

General Practice

Status: In Good Standing

FREE CONSULTATION

CONTACT

505 King Street, La Crosse, WI 54602

Berton D. Sherman

Real Estate, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 72 Years

CONTACT

104 Main St, Black River Falls, WI 54615

Bruce E. May

Bankruptcy

Status: Inactive Licensed: 39 Years

CONTACT

1828 Tahoe Pl, Onalaska, WI 54650

Bruce May

Bankruptcy

Status: Inactive Licensed: 39 Years

CONTACT

1828 Tahoe Pl, Onalaska, WI 54650

Tyler J. Tripp

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

Status: In Good Standing Licensed: 21 Years

CONTACT

132 N Water St, Sparta, WI 54656

Lee J. Fehr

Accident & Injury, Bankruptcy, Estate, Real Estate

Status: In Good Standing Licensed: 35 Years

CONTACT

205 Green Street, Onalaska, WI 54650

Mark R. Franklin

Estate, Lawsuit & Dispute, Real Estate, Collection, Wills & Probate

Status: In Good Standing

CONTACT

23664 Washington St, Independence, WI 54747

Austin D. Auleta

Family Law, Criminal, Credit & Debt

Status: In Good Standing

CONTACT

750 3Rd Street N., La Crosse, WI 54602

Greg P. Pittman

Real Estate, Motor Vehicle, Dispute Resolution, Medicare & Medicaid, Bankruptcy & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

300 2Nd St N, La Crosse, WI 54602

800-923-0641

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LEGAL TERMS

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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Melrose Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Berton Dale Sherman

David B. Russell

Berton D. Sherman

Bruce E. May

Bruce May

Tyler J. Tripp

Lee J. Fehr

Mark R. Franklin

Austin D. Auleta

Greg P. Pittman

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LEGAL TERMS

DISCHARGEABLE DEBTS

FORBEARANCE

MEANS TEST

S CORPORATION

COSIGNER

WORKOUT

UNSECURED DEBT

NONDISCHARGEABLE DEBTS

TRADE NAME

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