Mount Pleasant Bankruptcy & Debt Lawyer, Wisconsin, page 4

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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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Chris Head

Bankruptcy & Debt, Criminal, Divorce & Family Law, Tax

Status: Licensed: 12 Years

CONTACT

436 E Plainfield Ave, Milwaukee, WI 53207

Rollie Hanson

Estate, Elder Law, Wills & Probate, Bankruptcy & Debt, Business

Status: Licensed: 39 Years

CONTACT

6767 W Greenfield Ave, Milwaukee, WI 53214

Joseph Ryan

Landlord-Tenant, Foreclosure, Consumer Bankruptcy, Bankruptcy

Status:

CONTACT

128 W. Mineral St., Milwaukee, WI 53204

Jeffrey Keith Fields

Bankruptcy & Debt, Credit & Debt, Bankruptcy, Collection

Status: Licensed: 28 Years

FREE CONSULTATION

CONTACT

2323 S 109th St, Milwaukee, WI 53227

Nicholas J. DeStefanis

Bankruptcy & Debt, Criminal, Divorce & Family Law, Accident & Injury, Estate

Status: Licensed: 18 Years

CONTACT

1126 S. 70th Street, West Allis, WI 53214

John M. Heuer

Business, Bankruptcy & Debt, Employee Rights

Status: Licensed: 48 Years

CONTACT

9312 W National Ave, Milwaukee, WI 53227

Martin R. Anderson

Wills & Probate, Estate Planning, Estate, Child Custody, Bankruptcy

Status:

CONTACT

403 Superior Ave, Tomah, WI 54660

Matthew T. Angel

Real Estate, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

110 W Fountain St, Dodgeville, WI 53533

Lorin M. Schuchardt

Immigration, Estate, Divorce & Family Law, Bankruptcy

Status:

CONTACT

1126 S 70Th St, Milwaukee, WI 53214

Nelson S. Weine

Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 54 Years

CONTACT

6471 Blue Heron Pointe Drive, Waterford, WI 53185

800-814-6700

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LEGAL TERMS

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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).

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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Mount Pleasant Bankruptcy & Debt Lawyer, Wisconsin, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Chris Head

Rollie Hanson

Joseph Ryan

Jeffrey Keith Fields

Nicholas J. DeStefanis

John M. Heuer

Martin R. Anderson

Matthew T. Angel

Lorin M. Schuchardt

Nelson S. Weine

TIPS

LEGAL TERMS

GENERAL PARTNER

PRIORITY DEBT

INTEREST

FAIR LABOR STANDARDS ACT (FLSA)

UNDUE HARDSHIP

TOXIC TORT

UNSECURED DEBT

LIEN

LIMITED LIABILITY

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