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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Jeremy T.C. Wenzel

Freedom of Information, Voting Rights, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

735 W. Wisconsin Avenue, Milwaukee, WI 53233

Yanira Gonzalez Fernandini

Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

626 East Wisconsin Ave., Milwaukee, WI 53202

Tamara N. Jackson

Estate Planning, Family Law, Elder Law, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

2200 N. Mayfair Road, Milwaukee, WI 53226

Christine Kapsos

Real Estate, Credit & Debt, Bankruptcy, Legal Malpractice

Status: In Good Standing

CONTACT

3216 South 92nd St., Milwaukee, WI 53227

Beth M Brockmeyer

Commercial Bankruptcy, Consumer Bankruptcy, Credit & Debt

Status: In Good Standing

CONTACT

N14 W24200 Tower Place, Waukesha, WI 53188

Erika A. Miller

Bankruptcy, Criminal, DUI-DWI, Divorce

Status: In Good Standing

FREE CONSULTATION

CONTACT

2727 Grandview Boulevard, Waukesha, WI 53188

Elizabeth Neal

Workers' Compensation, Family Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 19 Years

CONTACT

3316 W Wisconsin Ave, Milwaukee, WI 53208

Elizabeth Lee Neal

Workers' Compensation, Family Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 19 Years

CONTACT

3316 W Wisconsin Ave, Milwaukee, WI 53208

Elizabeth L. Neal

Workers' Compensation, Family Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 19 Years

CONTACT

3316 W Wisconsin Ave, Milwaukee, WI 53208

David M. Pietrek

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 22 Years

CONTACT

1830 W Mason St, Milwaukee, WI 53226

800-923-0641

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LEGAL TERMS

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST WOODS v. Woods

... We review the report of the referee, John Murphy, recommending the court suspend Attorney Terrence Woods' license to practice law for a period of ninety (90) days for professional misconduct committed in the context of a bankruptcy proceeding and a divorce proceeding. ...

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST BOYD

... A significant portion of her practice is apparently devoted to handling bankruptcies since she stated at the public hearing before the referee that she has handled between 1,000 and 1,200 bankruptcy cases since starting her practice. ...

MATTER OF DISCIPLINARY PROCEEDINGS AGAINST JENNINGS

... proceeding. 649 Â¶ 2 Attorney Jennings was admitted to practice law in Wisconsin in 1975. In May 1986 he was appointed to represent Milwaukee Cheese and Sheboygan Sausage in chapter 11 bankruptcy proceedings. Between ...

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Milwaukee Bankruptcy Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Jeremy T.C. Wenzel

Yanira Gonzalez Fernandini

Tamara N. Jackson

Christine Kapsos

Beth M Brockmeyer

Erika A. Miller

Elizabeth Neal

Elizabeth Lee Neal

Elizabeth L. Neal

David M. Pietrek

TIPS

LEGAL TERMS

LIEN

FORBEARANCE

FDCPA

FRATERNAL BENEFIT SOCIETY BENEFITS

FRAUDULENT TRANSFER

INTEREST

CHAPTER 7 BANKRUPTCY

MEANS TEST

GARNISHMENT

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST WOODS v. Woods

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST BOYD

MATTER OF DISCIPLINARY PROCEEDINGS AGAINST JENNINGS

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