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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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Andrew J Phillips

Traffic, Family Law, Criminal, Credit & Debt

Status: Licensed: 38 Years

CONTACT

141 N Sawyer St, Oshkosh, WI 54902

Jason J Hirschberg

Collection, Banking & Finance, Family Law, Landlord-Tenant, Business Organization

Status: Licensed: 19 Years

CONTACT

601 Oregon St, Oshkosh, WI 54903

John W. Menn

Visa, Health Care Other, Constitutional Law, Bankruptcy

Status: Licensed: 16 Years

CONTACT

107 Church Ave, Oshkosh, WI 54903

Matthew J. Linn

Bankruptcy, Business & Trade, Trusts

Status: Licensed: 18 Years

CONTACT

Legacy Private Trust Company, Neenah, WI 54956

Timothy J. Helbing

Bankruptcy & Debt, Bankruptcy, Credit & Debt

Status: Licensed: 25 Years

CONTACT

477 S Nicolet Rd, Appleton, WI 54914

Dawn M. Sabel

Bankruptcy, Family Law, Criminal, Traffic, Child Custody

Status: Licensed: 39 Years

CONTACT

76 S Macy St, Fond Du Lac, WI 54935

Nicholas J.B. Pasquale

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

Status: Licensed: 17 Years

FREE CONSULTATION

CONTACT

536 North Richmond Street, Appleton, WI 54911

Gina Vollmer

Foreclosure, Estate Planning, Banking & Finance, Collection

Status:

CONTACT

100 West Lawrence Street, Appleton, WI 54911

Eric L. Becker

Commercial Real Estate, Corporate, Credit & Debt, Estate Planning

Status: Licensed: 51 Years

CONTACT

130A Park Ave, Beaver Dam, WI 53916

Harvey G. Samson

Divorce & Family Law, Estate, Bankruptcy & Debt, Real Estate, Power of Attorney

Status: Licensed: 52 Years

CONTACT

2800 E Enterprise Ave, Appleton, WI 54913

800-814-6700

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

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Berlin Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Andrew J Phillips

Jason J Hirschberg

John W. Menn

Matthew J. Linn

Timothy J. Helbing

Dawn M. Sabel

Nicholas J.B. Pasquale

Gina Vollmer

Eric L. Becker

Harvey G. Samson

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LEGAL TERMS

COLLATERAL

ACCORD AND SATISFACTION

BANKRUPTCY TRUSTEE

NO-FAULT INSURANCE

SOLE PROPRIETORSHIP

DEBIT CARD

CHAPTER 13 BANKRUPTCY

LIMITED LIABILITY

BULK SALES LAW

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