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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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Steven W. Zaleski

Farms, DUI-DWI, Criminal, Bankruptcy

Status:

CONTACT

10 East Doty Street, Madison, WI 53703

Mark Bromley

Bankruptcy, Tax

Status:

CONTACT

W5838 Greening Rd., Whitewater, WI 53190

Lloyd J. Blaney

Real Estate, Wills & Probate, Trusts, Bankruptcy, Medical Malpractice

Status: Licensed: 43 Years

CONTACT

3602 Atwood Ave, Madison, WI 53714

William Rameker

Litigation, Corporate, Bankruptcy, Bankruptcy & Debt

Status:

CONTACT

33 East Main Street, Madison, WI 53703

David E. Smithson

Wills & Probate, Bankruptcy, Trusts

Status: Licensed: 52 Years

CONTACT

6305 Midwood Ave, Madison, WI 53716

Matthew L. Frank

Lawsuit & Dispute, Divorce & Family Law, Bankruptcy & Debt, Accident & Injury

Status: Licensed: 17 Years

CONTACT

1404 Creston Park Dr, Janesville, WI 53545

Mike Godbe

Education, Employment Discrimination, Employment, Discrimination, Credit & Debt

Status: Licensed: 9 Years

CONTACT

409 East Main St,, Madison, WI 53703

James Craig Murray

Traffic, Divorce & Family Law, Criminal, Bankruptcy

Status:

CONTACT

10 E Doty St, Madison, WI 53703

Vernon J. Jesse

Real Estate, Immigration, Criminal, Business, Bankruptcy & Debt

Status:

CONTACT

33 E Main St, Madison, WI 53701

Brittany Ogden

Bankruptcy, Corporate, Credit & Debt, Intellectual Property

Status:

CONTACT

33 East Main Street, Madison, WI 53703

800-814-6700

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LEGAL TERMS

COLLATERAL

Property that guarantees payment of a secured debt.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

CCCS

See Consumer Credit Counseling Service.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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.

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Cambridge Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven W. Zaleski

Mark Bromley

Lloyd J. Blaney

William Rameker

David E. Smithson

Matthew L. Frank

Mike Godbe

James Craig Murray

Vernon J. Jesse

Brittany Ogden

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LEGAL TERMS

COLLATERAL

ABUSE

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

SECURED DEBT

CCCS

BULK SALES LAW

DEBT COLLECTOR

TOXIC TORT

DISPOSABLE INCOME

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