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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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Jeremy Joseph Geisel

Family Law, Collection, Labor Law, Child Support

Status:

CONTACT

N14 W23755 Stone Ridge Drive, Waukesha, WI 53188

Benjamin A. Menzel

Collection, Construction Liens, Pension & Benefits, Labor Law

Status:

FREE CONSULTATION

CONTACT

1555 N. River Center Dr., Milwaukee, WI 53212

Frank M. Cappozzo

Estate, Divorce, Divorce & Family Law, Collection

Status: Licensed: 50 Years

CONTACT

511 North Grand Avenue, Waukesha, WI 53187

J Steven Tikalsky

Criminal, Insurance, Collection

Status: Licensed: 47 Years

CONTACT

300 Wisconsin Ave, Waukesha, WI 53186

Matthew V. Burkert

Lawsuit & Dispute, Insurance, Business, Collection

Status: Licensed: 21 Years

CONTACT

675 N Barker Rd, Brookfield, WI 53045

Melissa Jean Malecki

Real Estate, Environmental Law Other, Insurance, Collection

Status: Licensed: 19 Years

CONTACT

675 N Barker Rd, Brookfield, WI 53045

Nathan E. DeLadurantey

Motor Vehicle, Consumer Rights, Credit & Debt, Collection

Status: Licensed: 19 Years

CONTACT

330 S Executive Dr, Brookfield, WI 53005

Ashley Marie Sanfilippo

Collection

Status: Licensed: 11 Years

CONTACT

225 S Executive Drive, Wales, WI 53183

J. Adam Dobberstein

Collection, Bankruptcy & Debt

Status: Licensed: 19 Years

CONTACT

225 S Executive Drive, Brookfield, WI 53005

Jeffrey Keith Fields

Bankruptcy & Debt, Credit & Debt, Bankruptcy, Collection

Status: Licensed: 28 Years

FREE CONSULTATION

CONTACT

2323 S 109th St, Milwaukee, WI 53227

800-814-6700

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LEGAL TERMS

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.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

Big Bend Collection Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeremy Joseph Geisel

Benjamin A. Menzel

Frank M. Cappozzo

J Steven Tikalsky

Matthew V. Burkert

Melissa Jean Malecki

Nathan E. DeLadurantey

Ashley Marie Sanfilippo

J. Adam Dobberstein

Jeffrey Keith Fields

TIPS

LEGAL TERMS

BANKRUPTCY TRUSTEE

CHAPTER 13 PLAN

NUISANCE FEES

REDEMPTION

SOLE PROPRIETORSHIP

IRS EXPENSES

GUARANTEED RESERVATION

BANKRUPTCY

COLLATERAL

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