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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

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10 East Doty Street, Madison, WI 53703

Matthew L. Frank

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

Status: Licensed: 17 Years

CONTACT

1404 Creston Park Dr, Janesville, WI 53545

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

Lloyd J. Blaney

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

Status: Licensed: 44 Years

CONTACT

3602 Atwood Ave, Madison, WI 53714

James Craig Murray

Traffic, Divorce & Family Law, Criminal, Bankruptcy

Status:

CONTACT

10 E Doty St, Madison, WI 53703

Mike Godbe

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

Status: Licensed: 9 Years

CONTACT

409 East Main 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

Edward A. Corcoran

Estate Planning, Labor Law, Family Law, Bankruptcy, Estate

Status: Licensed: 44 Years

CONTACT

Madison, WI 53705

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LEGAL TERMS

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

CREDIT FILE

See credit report.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

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Edgerton Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven W. Zaleski

Matthew L. Frank

William Rameker

David E. Smithson

Lloyd J. Blaney

James Craig Murray

Mike Godbe

Vernon J. Jesse

Brittany Ogden

Edward A. Corcoran

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LEGAL TERMS

FRAUDULENT TRANSFER

BULK SALES LAW

TRADE NAME

ACCORD AND SATISFACTION

BANKRUPTCY TRUSTEE

TRUTH IN LENDING ACT (TILA)

CREDIT FILE

DOING BUSINESS AS (DBA)

CREDIT INSURANCE

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