Jackson County, WI Bankruptcy & Debt Lawyers

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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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Not enough matches for Jackson Bankruptcy & Debt lawyer.
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Jonathan D. Sherman

Criminal, Personal Injury, Divorce & Family Law, DUI-DWI

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FREE CONSULTATION

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104 Main Street, Black River Falls, WI 54615

Scott K Swanson

Child Support, Criminal, Farms, DUI-DWI

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FREE CONSULTATION

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104 Main Street, Black River Falls, WI 54615

James C. Ritland

Personal Injury, Accident & Injury, Car Accident, Estate, Mass Torts

Status: Licensed: 47 Years

FREE CONSULTATION

CONTACT

320 Main Street, Black River Falls, WI 54615

Michael Dean Oeser

Litigation, International Other, Employee Rights, Personal Injury, Real Estate

Status: Licensed: 27 Years

CONTACT

9814 Airport Rd, Black River Falls, WI 54615

Jonathan D. Sherman

Accident & Injury, Criminal, Lawsuit & Dispute, Workers' Compensation, Insurance

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CONTACT

104 Main St, Black River Falls, WI 54615

Berton D. Sherman

Real Estate, Business, Bankruptcy & Debt, Banking & Finance, Bankruptcy

Status: Licensed: 72 Years

CONTACT

104 Main St, Black River Falls, WI 54615

Robyn Renee Matousek

Landlord-Tenant, Lawsuit, Permits, Divorce & Family Law

Status: Licensed: 33 Years

CONTACT

348 Main St, Black River Falls, WI 54615

Michelle M. Greendeer

Government

Status: Licensed: 27 Years

CONTACT

W9814 Airport Rd, Black River Falls, WI 54615

Erik Shircel

General Practice

Status: Licensed: 13 Years

CONTACT

W9814 Airport Rd, Black River Falls, WI 54615

Paul I. Bohac

Real Estate

Status: Licensed: 44 Years

CONTACT

N5193 Hill Rd, Black River Falls, WI 54615

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LEGAL TERMS

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

TRADE NAME

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

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Jackson County, WI Bankruptcy & Debt Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jonathan D. Sherman

Scott K Swanson

James C. Ritland

Michael Dean Oeser

Jonathan D. Sherman

Berton D. Sherman

Robyn Renee Matousek

Michelle M. Greendeer

Erik Shircel

Paul I. Bohac

TIPS

LEGAL TERMS

CURRENT MONTHLY INCOME

GRACE PERIOD

GUARANTOR

NONDISCHARGEABLE DEBTS

DISPOSABLE INCOME

CREDIT REPORT

LIABILITY

REAFFIRMATION

TRADE NAME

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