Waukesha Credit & Debt Lawyer, Wisconsin, page 3

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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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Geoffrey James Gnadt

Electronic Commerce, Trusts, Corporate, Credit & Debt

Status: Licensed: 24 Years

CONTACT

1820 N 59Th St, Milwaukee, WI 53208

Melissa Louise Mroczkowski

Real Estate, Family Law, Criminal, Credit & Debt

Status: Licensed: 12 Years

CONTACT

2880 Kohler Memorial Dr, Sheboygan, WI 53081

John N. Giftos

General Practice

Status: Licensed: 25 Years

CONTACT

5325 Wall St, Madison, WI 53718

Nick G. Cirilli

DUI-DWI, Contract, Credit & Debt, Bankruptcy

Status: Licensed: 10 Years

CONTACT

116 E Davenport St, Rhinelander, WI 54501

Daniel Trust Beasley

Bankruptcy & Debt, Foreclosure, Credit & Debt, Bankruptcy

Status: Licensed: 12 Years

CONTACT

735 W Wisconsin Ave, Milwaukee, WI 53233

William F. Flynn

Real Estate, Banking & Finance, Business, Credit & Debt

Status: Licensed: 47 Years

CONTACT

1000 N Water St, Milwaukee, WI 53201

Matthew R. Cromheecke

Real Estate Other, Divorce & Family Law, Credit & Debt, Bankruptcy, Car Accident

Status:

CONTACT

201 Main St, La Crosse, WI 54602

John R. Schreiber

Federal Appellate Practice, Banking & Finance, Business, Credit & Debt

Status:

CONTACT

111 E. Wisconsin Ave, Milwaukee, WI 53202

Edward J. Hunt

Traffic, DUI-DWI, Criminal, Credit & Debt, Collection

Status:

CONTACT

342 N Water St, Milwaukee, WI 53202

Jeffrey Lee Murrell

Car Accident, Bankruptcy & Debt, Credit & Debt, Bankruptcy

Status: Licensed: 30 Years

CONTACT

Milwaukee, WI 53201

800-814-6700

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LEGAL TERMS

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.

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

SAMPLE LEGAL CASES

HARBOR CREDIT UNION v. SAMP

... 1 BLANCHARD, J. Harbor Credit Union obtained a judgment of foreclosure on real estate owned by Christopher Samp based on Samp's default on a first mortgage and note. ... So Mr. Samp would be walking away without any debt to [Harbor] in regard to those two loans.". ...

IN RE THE MARRIAGE OF CHON v. Sorensen

... 4 The trial court found that Sorenson overpaid maintenance, essentially cancelling out the credit card debt. ... The court expressly found credible Sorenson's testimony regarding the payment of the credit card debt. We defer to the circuit court's credibility determinations. Wis. Stat. ...

IN RE THE MARRIAGE OF IVERSON v. Iverson

... Jean agreed to "maintain average inventory in the store" and further agreed that "she will not increase the credit card debt against the business beyond $50,000." Lowell agreed to pay Jean a $40,000 cash equalization payment from his share of the net sale proceeds of ...

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Waukesha Credit & Debt Lawyer, Wisconsin, page 3

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Geoffrey James Gnadt

Melissa Louise Mroczkowski

John N. Giftos

Nick G. Cirilli

Daniel Trust Beasley

William F. Flynn

Matthew R. Cromheecke

John R. Schreiber

Edward J. Hunt

Jeffrey Lee Murrell

TIPS

LEGAL TERMS

COLLECTION AGENCY

AUTOMATIC STAY

DOING BUSINESS AS (DBA)

NONPROFIT CORPORATION

PRESUMED ABUSE

FAIR CREDIT REPORTING ACT (FCRA)

TRADE DRESS

TRADE NAME

DISCHARGE (OF DEBTS)

SAMPLE LEGAL CASES

HARBOR CREDIT UNION v. SAMP

IN RE THE MARRIAGE OF CHON v. Sorensen

IN RE THE MARRIAGE OF IVERSON v. Iverson

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