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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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Mark Jeffrey Klaiber

Securities, Employee Rights, Commercial Bankruptcy, Corporate

Status: Inactive Licensed: 38 Years

CONTACT

1875 Countryside Court, Reedsville, WI 54230

Stephanie Sweet Rimmer

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

1426 Arden Ln, Manitowoc, WI 54220

Russell W. Hall

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

Status: In Good Standing Licensed: 42 Years

CONTACT

4702 Veranda Ct, Manitowoc, WI 54220

David J. Pawlowski

Industry Specialties, Criminal, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

114 E Main St, Manitowoc, WI 54220

Eric R. Pangburn

Criminal, Bankruptcy & Debt, Litigation, Bankruptcy

Status: In Good Standing

CONTACT

100 Maritime Drive Suite 1D, Manitowoc, WI 54221

C. R. Krieger

Consumer Bankruptcy

Status: In Good Standing

CONTACT

807 Jay St, Manitowoc, WI 54220

C R. Krieger

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

807 Jay St, Manitowoc, WI 54220

Travis K. Glandt

Government, Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

927 S 8Th St, Manitowoc, WI 54220

Richard Carey

Lawsuit & Dispute, Divorce & Family Law, Criminal, Bankruptcy

Status: Suspended Licensed: 25 Years

CONTACT

1700 Monroe St, Two Rivers, WI 54241

Theresa J. Schmieder

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

Status: In Good Standing Licensed: 23 Years

CONTACT

2952 Crab Apple Ln, Green Bay, WI 54305

800-923-0641

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LEGAL TERMS

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.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

CCCS

See Consumer Credit Counseling Service.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

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Whitelaw Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mark Jeffrey Klaiber

Stephanie Sweet Rimmer

Russell W. Hall

David J. Pawlowski

Eric R. Pangburn

C. R. Krieger

C R. Krieger

Travis K. Glandt

Richard Carey

Theresa J. Schmieder

TIPS

LEGAL TERMS

GRACE PERIOD

NONPROFIT CORPORATION

CREDITOR

TRADE DRESS

ABUSE

CCCS

FORBEARANCE

LIQUIDATING PARTNER

PRESUMED ABUSE

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