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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James Joseph Elacqua

Litigation, Lawsuit & Dispute, Intellectual Property, Commercial Bankruptcy

Status: Licensed: 49 Years

CONTACT

6250 Walnut Ln, Cudahy, WI 53110

Kurt Carlson

Real Estate, Lawsuit & Dispute, Electronic Commerce, Criminal, Bankruptcy

Status:

CONTACT

10411 Corporate Dr, Pleasant Prairie, WI 53158

Kurt M. Carlson

Lawsuit & Dispute, Industry Specialties, Business, Bankruptcy & Debt

Status: Licensed: 29 Years

CONTACT

10411 Corporate Drive, Pleasant Prairie, WI 53158

Ryan Tyler Carlson

Litigation, Bankruptcy, Foreclosure

Status: Licensed: 15 Years

CONTACT

10411 Corporate Dr, Pleasant Prairie, WI 53158

Ronald M. Carlson

Business, Bankruptcy, Corporate, Commercial Real Estate

Status: Licensed: 48 Years

CONTACT

10411 Corporate Dr, Pleasant Prairie, WI 53158

John D. Blythin

Motor Vehicle, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 22 Years

CONTACT

3620 E Layton Ave, Cudahy, WI 53110

Basil J. Buchko

Commercial Real Estate, Electronic Commerce, Franchising, Bankruptcy

Status: Licensed: 26 Years

CONTACT

5400 S 60Th St, Milwaukee, WI 53225

Chris Head

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

Status: Licensed: 12 Years

CONTACT

436 E Plainfield Ave, Milwaukee, WI 53207

Frank Ralph Nicotera

Bankruptcy & Debt

Status: Licensed: 33 Years

CONTACT

3482 E Van Beck Ave, Milwaukee, WI 53235

Kevin D. Mathews

Bankruptcy & Debt

Status: Licensed: 45 Years

CONTACT

1800 E Howard Avenue, Milwaukee, WI 53207

800-814-6700

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LEGAL TERMS

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

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.

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.

Mount Pleasant Bankruptcy & Debt Lawyer, Wisconsin, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James Joseph Elacqua

Kurt Carlson

Kurt M. Carlson

Ryan Tyler Carlson

Ronald M. Carlson

John D. Blythin

Basil J. Buchko

Chris Head

Frank Ralph Nicotera

Kevin D. Mathews

TIPS

LEGAL TERMS

NONPROFIT CORPORATION

INFRINGEMENT (OF TRADEMARK)

CHAPTER 13 PLAN

LIQUIDATING PARTNER

LIABILITY

SECURED DEBT

GRACE PERIOD

GARNISHMENT

FCRA

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