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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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Jeanne L. Zamzow

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

Status: Licensed: 18 Years

CONTACT

405 W Main St, Wautoma, WI 54982

Thomas J. King

Bankruptcy & Debt

Status: Licensed: 48 Years

CONTACT

2950 Universal Ct, Oshkosh, WI 54903

Kristine A. Pihlgren

Bankruptcy, Contract, Divorce & Family Law, Wills & Probate, Wills

Status: Licensed: 20 Years

CONTACT

3000 Poberezny Rd, Oshkosh, WI 54903

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

Kelly J. Schwab

Real Estate, Estate, Employment, Collection, Business

Status: Licensed: 26 Years

CONTACT

43 West 6th Avenue, Oshkosh, WI 54902

John W. Menn

Visa, Health Care Other, Constitutional Law, Bankruptcy

Status: Licensed: 16 Years

CONTACT

107 Church Ave, Oshkosh, WI 54903

Douglas K. Marone

Real Estate, Estate, Employment, Business, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

107 Church Ave, Oshkosh, WI 54903

Joseph W. Boucher

Bankruptcy, DUI-DWI, Child Custody, Traffic

Status:

CONTACT

401 Charmany Dr, Madison, WI 53705

Kathleen E. Bonville

Other, Business, Bankruptcy, Accident & Injury

Status: Licensed: 43 Years

CONTACT

4283 Gibraltar Bluff Rd, Fish Creek, WI 54212

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LEGAL TERMS

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

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.

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.

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).

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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Berlin Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeanne L. Zamzow

Thomas J. King

Kristine A. Pihlgren

Andrew J Phillips

Jason J Hirschberg

Kelly J. Schwab

John W. Menn

Douglas K. Marone

Joseph W. Boucher

Kathleen E. Bonville

TIPS

LEGAL TERMS

REAFFIRMATION

BULK SALES LAW

PRIORITY DEBT

C CORPORATION

ACCORD AND SATISFACTION

HOUSEHOLDER

LIEN

FAIR LABOR STANDARDS ACT (FLSA)

BANKRUPTCY

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