Walworth County, WI Workout Lawyers

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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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Lisle W. Blackbourn

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Accident & Injury, Business, Personal Injury, Car Accident, Premises Liability

Lisle W. Blackbourn is the President and Managing Partner of Godfrey, Leibsle, Blackbourn & Howarth, S.C., and chairs the firm's litigation division. ... (more)

CONTACT

800-641-8760

354 Seymour Court, Elkhorn, WI 53121

Mark Bromley

Bankruptcy, Tax

Status:

CONTACT

W5838 Greening Rd., Whitewater, WI 53190

Mark E. Sostarich

Real Estate, Litigation, Divorce & Family Law, Corporate

Status:

FREE CONSULTATION

CONTACT

6 South Church Street, Elkhorn, WI 53121

Brian Schuk

Landlord-Tenant, Real Estate, Government, Estate

Status:

FREE CONSULTATION

CONTACT

1034 Ann Street, Delavan, WI 53115

Anthony A. Coletti

Condominiums, Real Estate, Litigation, Corporate

Status:

CONTACT

101 Evergreen Pkwy Unit 3, Elkhorn, WI 53121

Shannon E Wynn

Foreclosure, Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 15 Years

FREE CONSULTATION

CONTACT

772 W Main Street, Lake Geneva, WI 53147

Mick Sellergren

Employment, Criminal, Traffic, Divorce & Family Law

Status: Licensed: 14 Years

CONTACT

421 Broad St, Lake Geneva, WI 53147

Theodore N. Johnson

Lawsuit & Dispute, Estate, Divorce & Family Law, Car Accident

Status:

CONTACT

354 Seymour Court, Elkhorn, WI 53121

Kim A. Howarth

Power of Attorney, Real Estate, Traffic, Lawsuit & Dispute

Status:

CONTACT

354 Seymour Ct, Elkhorn, WI 53121

Michael J. Frazier

Lawsuit & Dispute, Employment, Civil & Human Rights

Status:

CONTACT

354 Seymour Ct, Elkhorn, WI 53121

800-814-6700

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LEGAL TERMS

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.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

FCBA

See Fair Credit Billing Act.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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Walworth County, WI Workout Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Lisle W. Blackbourn

Mark Bromley

Mark E. Sostarich

Brian Schuk

Anthony A. Coletti

Shannon E Wynn

Mick Sellergren

Theodore N. Johnson

Kim A. Howarth

Michael J. Frazier

TIPS

LEGAL TERMS

GRACE PERIOD

S CORPORATION

DEFINED CONTRIBUTION PLAN

FCBA

AUTOMATIC STAY

LIMITED PARTNERSHIP

DEBT COLLECTOR

MEANS TEST

DEBIT CARD

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