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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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Christine Kapsos

Real Estate, Credit & Debt, Bankruptcy, Legal Malpractice

Status: In Good Standing

CONTACT

3216 South 92nd St., Milwaukee, WI 53227

Jeffrey Keith Fields

Bankruptcy & Debt, Credit & Debt, Bankruptcy, Collection

Status: In Good Standing Licensed: 27 Years

FREE CONSULTATION

CONTACT

2323 S 109th St, Milwaukee, WI 53227

Christine Ann Kapsos

Real Estate, Credit & Debt, Bankruptcy, Legal Malpractice

Status: In Good Standing Licensed: 27 Years

CONTACT

3216 S 92nd St, Milwaukee, WI 53227

Nicholas J. DeStefanis

Bankruptcy & Debt, Criminal, Divorce & Family Law, Accident & Injury, Estate

Status: In Good Standing Licensed: 17 Years

CONTACT

1126 S. 70th Street, West Allis, WI 53214

Lorin M. Schuchardt

Immigration, Estate, Divorce & Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1126 S 70Th St, Milwaukee, WI 53214

Matthew L. Hoenig

Real Estate, Family Law, Civil Rights, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 11 Years

CONTACT

2323 S 109Th St, Milwaukee, WI 53227

Scott David Nabke

Commercial Real Estate, Insurance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

165 Bishops Way, Brookfield, WI 53005

James M. Peterman

Foreclosure, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

165 Bishops Way, Brookfield, WI 53005

Joseph Ryan

Landlord-Tenant, Foreclosure, Consumer Bankruptcy, Bankruptcy

Status: In Good Standing

CONTACT

128 W. Mineral St., Milwaukee, WI 53204

John D. Blythin

Motor Vehicle, Consumer Bankruptcy, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 21 Years

CONTACT

3620 E Layton Ave, Cudahy, WI 53110

800-923-0641

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LEGAL TERMS

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.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

COLLATERAL

Property that guarantees payment of a secured debt.

FCBA

See Fair Credit Billing Act.

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.

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.

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Franklin Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Christine Kapsos

Jeffrey Keith Fields

Christine Ann Kapsos

Nicholas J. DeStefanis

Lorin M. Schuchardt

Matthew L. Hoenig

Scott David Nabke

James M. Peterman

Joseph Ryan

John D. Blythin

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LEGAL TERMS

REDEMPTION

LOSS DAMAGE WAIVER (LDW)

FRAUDULENT TRANSFER

NONPROFIT CORPORATION

FRATERNAL BENEFIT SOCIETY BENEFITS

COLLATERAL

FCBA

GARNISHMENT

DEBT COLLECTOR

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