Land O Lakes 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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Not enough matches for Land O Lakes Bankruptcy & Debt lawyer.
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Ernest Alfred Jensen

General Practice

Status: Licensed: 77 Years

CONTACT

4971 Heart Lake Rd, Conover, WI 54519

Keith R. Hughes

General Practice

Status: Licensed: 37 Years

CONTACT

E23987 Crystal Lake Rd, Land O Lakes, WI 54540

Frank Anthony Mraz

Family Law

Status: Licensed: 38 Years

CONTACT

511 N Hirzel St, Eagle River, WI 54521

Dennis M. Burgy

Real Estate, Family Law, Criminal, Personal Injury

Status: Licensed: 49 Years

CONTACT

221 S First St, Eagle River, WI 54521

Steven C. Garbowicz

Real Estate, Traffic, Municipal, Government

Status: Licensed: 47 Years

CONTACT

221 S First St, Eagle River, WI 54521

Thomas R. Timken

General Practice

Status: Licensed: 64 Years

CONTACT

129 N Aquila Ct, Eagle River, WI 54521

Steven Michael Lucareli

Wrongful Termination, DUI-DWI, Criminal, Medical Malpractice, Contract

Status: Licensed: 41 Years

CONTACT

433 E Sheridan St, Eagle River, WI 54521

Ralph W. Koopman

Accident & Injury, Lawsuit & Dispute, Criminal, Real Estate, Traffic

Status: Licensed: 49 Years

CONTACT

209 S 5Th St, Eagle River, WI 54521

William J Joost

Real Estate, Trusts, Divorce & Family Law, Bankruptcy

Status: Licensed: 39 Years

CONTACT

201 Railroad St, Eagle River, WI 54521

Karl F. Kontyko

General Practice

Status: Licensed: 51 Years

CONTACT

4982 State Highway 70 W, Eagle River, WI 54521

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LEGAL TERMS

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

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).

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.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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Land O Lakes Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Ernest Alfred Jensen

Keith R. Hughes

Frank Anthony Mraz

Dennis M. Burgy

Steven C. Garbowicz

Thomas R. Timken

Steven Michael Lucareli

Ralph W. Koopman

William J Joost

Karl F. Kontyko

TIPS

LEGAL TERMS

SOLE PROPRIETORSHIP

COSIGNER

NO-FAULT INSURANCE

CREDIT REPORT

BANKRUPTCY TRUSTEE

MEANS TEST

FRATERNAL BENEFIT SOCIETY BENEFITS

AUTOMATIC STAY

S CORPORATION

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