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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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D. Peter Seguin

Bankruptcy, Corporate, Estate Planning, Wills & Probate, Estate

Status: In Good Standing

CONTACT

110 Second Street, Hudson, WI 54016

James Remington

Litigation, Divorce & Family Law, Bankruptcy & Debt, Personal Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

126 S Knowles Ave, New Richmond, WI 54017

Michael J. Brose

Workers' Compensation, Divorce, Criminal, Bankruptcy, Accident & Injury

Status: In Good Standing

CONTACT

103 North Knowles Ave, New Richmond, WI 54017

Eric Leighton Crandall

Dispute Resolution, Consumer Protection, Business, Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

251 S Knowles Ave, New Richmond, WI 54017

Steven J. Wlodyga

Real Estate, Motor Vehicle, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

CONTACT

1226 Us Highway 63, Baldwin, WI 54002

Chelsea A. Whitley

Guardianships & Conservatorships, Wills & Probate, Power of Attorney, Bankruptcy

Status: In Good Standing Licensed: 24 Years

CONTACT

234 Keller Ave S, Amery, WI 54001

Jennifer Ann O'Neill

Estate, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

2424 Monetary Boulevard, Hudson, WI 54016

Peter Cosmas Greenlee

Accident & Injury, Bankruptcy & Debt, Social Security, Car Accident

Status: In Good Standing

CONTACT

511 2Nd St, Hudson, WI 54016

Leah L. Isakson

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

Status: In Good Standing Licensed: 14 Years

CONTACT

400 S Second St, Hudson, WI 54016

Cameron Royal Kelly

Construction, Litigation, Banking & Finance, Credit & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

400 S Second St, Hudson, WI 54016

800-923-0641

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LEGAL TERMS

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

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.'

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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New Richmond Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

D. Peter Seguin

James Remington

Michael J. Brose

Eric Leighton Crandall

Steven J. Wlodyga

Chelsea A. Whitley

Jennifer Ann O'Neill

Peter Cosmas Greenlee

Leah L. Isakson

Cameron Royal Kelly

TIPS

LEGAL TERMS

DEBT COLLECTOR

ABUSE

CREDIT INSURANCE

C CORPORATION

LOSS DAMAGE WAIVER (LDW)

SETOFF

LIMITED PARTNERSHIP

DOING BUSINESS AS (DBA)

GRACE PERIOD

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