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

Bankruptcy, Civil & Human Rights, Social Security, Lawsuit

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: 14 Years

CONTACT

7280 S 13th St, Oak Creek, WI 53154

Justin D. Kelly

Bankruptcy & Debt, Employment, Estate, Lawsuit & Dispute

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

Commercial Bankruptcy, Civil Rights, Intellectual Property, Lawsuit & Dispute, Litigation

Status: Licensed: 49 Years

CONTACT

6250 Walnut Ln, Cudahy, WI 53110

Basil J. Buchko

Bankruptcy, Franchising, Electronic Commerce, Commercial Real Estate

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

800-814-6700

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LEGAL TERMS

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

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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

FORBEARANCE

DISPOSABLE INCOME

REDEMPTION

NONPROFIT CORPORATION

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

MEANS TEST

ABUSE

GENERAL PARTNER

FAIR CREDIT BILLING ACT (FCBA)

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