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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

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

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

Patrick R. Russell

Lawsuit & Dispute, Industry Specialties, Labor Law, Bankruptcy & Debt, Contract

Status: In Good Standing Licensed: 45 Years

CONTACT

Brookfield, WI 53008

Jennifer Lynn Ryczek

Pension & Benefits, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

W175N11163 Stonewood Dr, Germantown, WI 53022

D Peter Seguin

Estate, DUI-DWI, Civil Rights, Bankruptcy & Debt

Status: Inactive Licensed: 50 Years

CONTACT

110 2Nd St, 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

Rose M. Allen

Divorce & Family Law, Civil Rights, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

110 2Nd St, Hudson, WI 54016

Jennifer Ann O'Neill

Estate, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

2424 Monetary Boulevard, 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

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

FDCPA

See Fair Debt Collections & Practices Act.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

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.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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New Richmond Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

D. Peter Seguin

Chelsea A. Whitley

Steven J. Wlodyga

Patrick R. Russell

Jennifer Lynn Ryczek

D Peter Seguin

Peter Cosmas Greenlee

Rose M. Allen

Jennifer Ann O'Neill

Cameron Royal Kelly

TIPS

LEGAL TERMS

LIEN

HOUSEHOLDER

FDCPA

NO-FAULT INSURANCE

PRESUMED ABUSE

DISPOSABLE INCOME

SUBROGATION

CREDIT REPORT

CHAPTER 13 PLAN

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