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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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Mark Bromley

Bankruptcy, Tax

Status:

CONTACT

W5838 Greening Rd., Whitewater, WI 53190

Steven W. Zaleski

Farms, DUI-DWI, Criminal, Bankruptcy

Status:

CONTACT

10 East Doty Street, Madison, WI 53703

Andrew J. Bezouska

Lawsuit & Dispute, Employment, Civil & Human Rights, Bankruptcy

Status: Licensed: 21 Years

CONTACT

6000 American Pkwy, Madison, WI 53783

Andrew Todd Rumpf

Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

152 W Main St, Cambridge, WI 53523

Bennett Jay Berson

Intellectual Property, Environmental Law Other, Bankruptcy, Products Liability

Status: Licensed: 33 Years

CONTACT

33 E Main Street, Madison, WI 53703

Brittany Ogden

Bankruptcy, Corporate, Credit & Debt, Intellectual Property

Status:

CONTACT

33 East Main Street, Madison, WI 53703

Cale Plamann

Employee Rights, Family Law, Bankruptcy, Personal Injury

Status: Licensed: 13 Years

CONTACT

2000 Engel St, Madison, WI 53713

Carly Levin

Estate Planning, Environmental Law Other, Bankruptcy, Products Liability

Status: Licensed: 12 Years

CONTACT

33 E Main Street, Madison, WI 53703

Carolyn A. Hegge

Estate Planning, Estate, Non-profit, Bankruptcy

Status:

CONTACT

25 West Main Street, Madison, WI 53701

Christopher J Arnold

Employee Rights, Securities, Bankruptcy, Medical Malpractice

Status:

CONTACT

1525 River Road, Deforest, WI 53532

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LEGAL TERMS

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

CREDIT FILE

See credit report.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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Cambridge Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mark Bromley

Steven W. Zaleski

Andrew J. Bezouska

Andrew Todd Rumpf

Bennett Jay Berson

Brittany Ogden

Cale Plamann

Carly Levin

Carolyn A. Hegge

Christopher J Arnold

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

SETOFF

FAIR LABOR STANDARDS ACT (FLSA)

REPOSSESSION

CREDIT FILE

LOSS DAMAGE WAIVER (LDW)

GUARANTOR

DEBIT CARD

DISCHARGEABLE DEBTS

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