Caledonia Bankruptcy & Debt Lawyer, Wisconsin, page 2

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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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Dennis R. Cimpl

Other, Real Estate, Criminal, Bankruptcy & Debt

Status: Licensed: 50 Years

CONTACT

2878 N Park Dr, Milwaukee, WI 53222

Peter C. Christianson

Health Care, Government, Bankruptcy, Products Liability

Status: Licensed: 48 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

David R. Clowers

Lawsuit, Social Security, Civil & Human Rights, Bankruptcy

Status: Licensed: 52 Years

CONTACT

207 S 4Th Ave, Sturgeon Bay, WI 54235

Drew J. De Vinney

Health Care, Civil Rights, Bankruptcy, Personal Injury, Accident & Injury

Status: Licensed: 13 Years

CONTACT

7280 S 13th St, Oak Creek, WI 53154

Justin D. Kelly

Lawsuit & Dispute, Estate, Employment, Bankruptcy & Debt

Status: Licensed: 13 Years

CONTACT

12501 Globe Dr, Sturtevant, WI 53177

Jaime L. Bouvette

Bankruptcy & Debt, Lawsuit & Dispute, Real Estate, Litigation

Status: Licensed: 15 Years

CONTACT

7071 S 13Th St, Oak Creek, WI 53154

Chomi Prag

State Appellate Practice, Divorce, Business, Bankruptcy

Status:

CONTACT

6216 Washington Ave., Racine, WI 53406

James Joseph Elacqua

Litigation, Lawsuit & Dispute, Intellectual Property, Commercial Bankruptcy

Status: Licensed: 49 Years

CONTACT

6250 Walnut Ln, Cudahy, WI 53110

Basil J. Buchko

Commercial Real Estate, Electronic Commerce, Franchising, Bankruptcy

Status: Licensed: 26 Years

CONTACT

5400 S 60Th St, Milwaukee, WI 53225

Jay Nixon

Bankruptcy & Debt, Foreclosure, Criminal, Traffic

Status:

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333 Main St., Racine, WI 53403

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LEGAL TERMS

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

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.

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.

FCRA

See Fair Credit Reporting Act.

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.

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.

CREDIT FILE

See credit report.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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Caledonia Bankruptcy & Debt Lawyer, Wisconsin, page 2

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Dennis R. Cimpl

Peter C. Christianson

David R. Clowers

Drew J. De Vinney

Justin D. Kelly

Jaime L. Bouvette

Chomi Prag

James Joseph Elacqua

Basil J. Buchko

Jay Nixon

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

CHAPTER 13 PLAN

C CORPORATION

ABUSE

FCRA

BANKRUPTCY

CHAPTER 13 BANKRUPTCY

CREDIT FILE

LIMITED PARTNERSHIP

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