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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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Joshua D. Christianson

Foreclosure, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 19 Years

CONTACT

2108 Broadway St S, Menomonie, WI 54751

Lucy A Bjork

Real Estate, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status: Licensed: 40 Years

CONTACT

E7818 County Rd E, Menomonie, WI 54751

Janet M. McDonough

Bankruptcy & Debt, Divorce & Family Law, Estate

Status: Licensed: 29 Years

CONTACT

103 North Bridge Street, Chippewa Falls, WI 54729

Ardis A. Cray

Criminal, Family Law, Estate Planning, Bankruptcy

Status: Licensed: 48 Years

CONTACT

12259 65Th Ave, Chippewa Falls, WI 54729

Jon Elton Stanek

Consumer Rights, Civil Rights, Consumer Bankruptcy, Bankruptcy

Status: Licensed: 20 Years

CONTACT

Eau Claire, WI 54703

Daniel R. Freund

Credit & Debt, Collection, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

920 S Farwell St, Eau Claire, WI 54701

Brian Howard Wright

Employment, Criminal, Litigation, Bankruptcy

Status: Licensed: 32 Years

CONTACT

116 West Grand Avenue, Eau Claire, WI 54702

John W. Jokela

Bankruptcy & Debt, Credit & Debt, Bankruptcy Litigation, Bankruptcy

Status: Licensed: 50 Years

CONTACT

1901 Brackett Ave, Eau Claire, WI 54701

Russell D. Nicolet

Bankruptcy & Debt, Accident & Injury, Workers' Compensation, Social Security -- Disability, Mass Torts

Status: Licensed: 19 Years

FREE CONSULTATION

CONTACT

402 Graham Ave., Eau Claire, WI 54701

James Remington

Litigation, Divorce & Family Law, Bankruptcy & Debt, Personal Injury

Status: Licensed: 47 Years

CONTACT

126 S Knowles Ave, New Richmond, WI 54017

800-814-6700

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LEGAL TERMS

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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Ridgeland Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Joshua D. Christianson

Lucy A Bjork

Janet M. McDonough

Ardis A. Cray

Jon Elton Stanek

Daniel R. Freund

Brian Howard Wright

John W. Jokela

Russell D. Nicolet

James Remington

TIPS

LEGAL TERMS

NONEXEMPT PROPERTY

REDEMPTION

CYBERSQUATTING

LIABILITY

CREDIT BUREAU

BANKRUPTCY

SECRET WARRANTY PROGRAM

GENERAL PARTNER

REAFFIRMATION

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