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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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Arthur M. Scheller

Lawsuit & Dispute, Mediation, Civil Rights, Collection

Status: In Good Standing Licensed: 32 Years

CONTACT

530 Jackson Street, Wausau, WI 54402

Benjamin J. Krautkramer

Business, Dispute Resolution, Collection, Wrongful Termination, Contract

Status: In Good Standing Licensed: 21 Years

CONTACT

415 Orbiting Dr, Mosinee, WI 54455

Daniel D. Daubert

Industry Specialties, Employment, Child Custody, Credit & Debt

Status: In Good Standing Licensed: 44 Years

CONTACT

1 Corporate Drive, Wausau, WI 54401

Daniella Mogg

Trusts, Civil Rights, Contract, Credit & Debt

Status: In Good Standing Licensed: 15 Years

CONTACT

Stevens Point, WI 54481

Gerald D. Stange

Real Estate, Family Law, Bankruptcy

Status: Suspended Licensed: 47 Years

CONTACT

1803 Stewart Ave, Wausau, WI 54401

Gregory J. Strasser

Landlord-Tenant, Employment, Bankruptcy

Status: In Good Standing

CONTACT

305 S 18Th, Wausau, WI 54402

James V. Block

Consumer Bankruptcy, Credit & Debt, Commercial Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

3544 Stewart Ave, Wausau, WI 54401

Jay Kronenwetter

Mass Torts, Criminal, Bankruptcy & Debt, Personal Injury, Medical Malpractice

Status: In Good Standing

CONTACT

117 Sturgeon Eddy Rd, Wausau, WI 54403

Jerod Albert Barkley

Other, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: In Good Standing Licensed: 26 Years

CONTACT

3205 Post Road, Stevens Point, WI 54481

Julianne Marie Lennon

Divorce & Family Law, DUI-DWI, Criminal, Credit & Debt

Status: In Good Standing Licensed: 28 Years

CONTACT

9303 Riverbirch St, Rothschild, WI 54474

800-923-0641

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LEGAL TERMS

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

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.

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Mosinee Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Arthur M. Scheller

Benjamin J. Krautkramer

Daniel D. Daubert

Daniella Mogg

Gerald D. Stange

Gregory J. Strasser

James V. Block

Jay Kronenwetter

Jerod Albert Barkley

Julianne Marie Lennon

TIPS

LEGAL TERMS

UNDUE HARDSHIP

INFRINGEMENT (OF TRADEMARK)

CHAPTER 13 BANKRUPTCY

REAFFIRMATION

COSIGNER

MEETING OF CREDITORS

NUISANCE FEES

LIMITED PARTNERSHIP

MEANS TEST

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