Muscoda 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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Mart W. Swenson

Bankruptcy & Debt, Bankruptcy

Status:

CONTACT

118 E Grand Ave, Eau Claire, WI 54701

Michael W. Wilcox

Estate, Workers' Compensation, Bankruptcy, Products Liability

Status: Licensed: 59 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Ronald L. Siler

Landlord-Tenant, Motor Vehicle, Divorce & Family Law, Bankruptcy

Status:

CONTACT

201 S Knowles Ave, New Richmond, WI 54017

Xavier Solis

Criminal, Bankruptcy

Status: Licensed: 12 Years

CONTACT

1119 60Th St, Kenosha, WI 53140

Kimberly A. Theobald

Divorce & Family Law, Bankruptcy

Status: Licensed: 33 Years

CONTACT

714 N East Ave, Waukesha, WI 53187

Jonathan R. Van Geffen

Bankruptcy

Status:

CONTACT

122 E Main St, Little Chute, WI 54140

Daniel W. Stolper

Real Estate, Business, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 49 Years

CONTACT

222 W Washington Ave, Madison, WI 53701

Christopher J. Stroebel

Bankruptcy & Debt

Status: Licensed: 25 Years

CONTACT

30 W Mifflin St, Madison, WI 53703

Ronald J. Thompson

Bankruptcy

Status: Licensed: 47 Years

CONTACT

701 Spruce St, Madison, WI 53715

Thomas A. Simonis

International, Environmental Law Other, Business, Bankruptcy

Status: Licensed: 44 Years

CONTACT

N51W35777 Hillcrest Ct, Oconomowoc, WI 53066

800-814-6700

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LEGAL TERMS

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

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.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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Muscoda Bankruptcy & Debt Lawyer, Wisconsin, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Mart W. Swenson

Michael W. Wilcox

Ronald L. Siler

Xavier Solis

Kimberly A. Theobald

Jonathan R. Van Geffen

Daniel W. Stolper

Christopher J. Stroebel

Ronald J. Thompson

Thomas A. Simonis

TIPS

LEGAL TERMS

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

NONEXEMPT PROPERTY

GARNISHMENT

401(K) PLAN

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

COLLECTION AGENCY

DEFINED CONTRIBUTION PLAN

NONPROFIT CORPORATION

WINDING UP

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