Edgerton Bankruptcy & Debt Lawyer, Wisconsin

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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

Andrew Todd Rumpf

Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 17 Years

CONTACT

152 W Main St, Cambridge, WI 53523

Matthew L. Frank

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

Status: Licensed: 17 Years

CONTACT

1404 Creston Park Dr, Janesville, WI 53545

Vicki Schleisner

Power of Attorney, Wills & Probate, Estate, Juvenile Law, Consumer Bankruptcy

Status:

CONTACT

23 N Main St, Janesville, WI 53545

Stephanie Lynn Bravieri

Bankruptcy & Debt, Estate, Lawsuit & Dispute, Real Estate, Landlord-Tenant

Status: Licensed: 17 Years

CONTACT

1 E Milwaukee St, Janesville, WI 53545

Jason Dewitt Buckner

Family Law, Business & Trade, Bankruptcy

Status: Licensed: 10 Years

CONTACT

1 E Milwaukee St, Janesville, WI 53545

Joshua P. Grube

Criminal, Personal Injury, Litigation, Bankruptcy

Status: Licensed: 22 Years

CONTACT

466 Midland Road, Janesville, WI 53546

David Robert Westrick

Bankruptcy & Debt, Employment, Real Estate

Status: Licensed: 32 Years

CONTACT

93 N Main St, Fort Atkinson, WI 53538

David C. Pappas

Industry Specialties, Civil & Human Rights, Business, Bankruptcy & Debt

Status: Licensed: 64 Years

CONTACT

1787 Strawberry Rd, Deerfield, WI 53531

David E. Smithson

Wills & Probate, Bankruptcy, Trusts

Status: Licensed: 52 Years

CONTACT

6305 Midwood Ave, Madison, WI 53716

800-814-6700

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LEGAL TERMS

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

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.

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.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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Edgerton Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Steven W. Zaleski

Andrew Todd Rumpf

Matthew L. Frank

Vicki Schleisner

Stephanie Lynn Bravieri

Jason Dewitt Buckner

Joshua P. Grube

David Robert Westrick

David C. Pappas

David E. Smithson

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LEGAL TERMS

COLLECTION AGENCY

BANKRUPTCY

BULK SALES LAW

TRADE NAME

TRUTH IN LENDING ACT (TILA)

TRADE DRESS

NONPROFIT CORPORATION

AUTOMATIC STAY

LIMITED LIABILITY

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