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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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Matthew J. Linn

Bankruptcy, Business & Trade, Trusts

Status: Licensed: 17 Years

CONTACT

Legacy Private Trust Company, Neenah, WI 54956

Renee Ann Read

Visa, Employee Rights, Child Custody, Divorce & Family Law, Collection

Status: Licensed: 20 Years

CONTACT

219 E Wisconsin Ave, Neenah, WI 54956

Timothy J. Helbing

Bankruptcy & Debt, Bankruptcy, Credit & Debt

Status: Licensed: 24 Years

CONTACT

477 S Nicolet Rd, Appleton, WI 54914

Robert James Domol

Estate, Criminal, Bankruptcy, Personal Injury, Accident & Injury

Status:

CONTACT

3945 West College Avenue, Appleton, WI 54914

John David Claypool

Mass Torts, Visa, Employment, Divorce, Bankruptcy

Status:

CONTACT

800 North Lynndale Drive, Appleton, WI 54914

Andrew J Phillips

Traffic, Family Law, Criminal, Credit & Debt

Status: Licensed: 38 Years

CONTACT

141 N Sawyer St, Oshkosh, WI 54902

John W. Menn

Visa, Health Care Other, Constitutional Law, Bankruptcy

Status: Licensed: 16 Years

CONTACT

107 Church Ave, Oshkosh, WI 54903

Douglas K. Marone

Real Estate, Estate, Employment, Business, Bankruptcy & Debt

Status: Licensed: 43 Years

CONTACT

107 Church Ave, Oshkosh, WI 54903

Alex B. Luaders

Government, Bankruptcy

Status: Licensed: 22 Years

CONTACT

2380 State Rd, Oshkosh, WI 54904

Dylan Gehrtz

Bankruptcy, Criminal

Status: Licensed: 8 Years

CONTACT

1650 Midway Rd, Menasha, WI 54952

800-923-0641

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LEGAL TERMS

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

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Larsen Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Matthew J. Linn

Renee Ann Read

Timothy J. Helbing

Robert James Domol

John David Claypool

Andrew J Phillips

John W. Menn

Douglas K. Marone

Alex B. Luaders

Dylan Gehrtz

TIPS

LEGAL TERMS

CREDIT BUREAU

CREDITOR

DISPOSABLE INCOME

MEETING OF CREDITORS

CREDIT COUNSELING

GUARANTOR

LIABILITY

REAFFIRMATION

TOXIC TORT

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