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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: 45 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

David Louis Forsythe

Government, Labor Law, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 40 Years

CONTACT

105 Pine Crest Ln, Iola, WI 54945

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: 16 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

800-923-0641

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LEGAL TERMS

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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.

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.

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Phlox Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Arthur M. Scheller

Benjamin J. Krautkramer

Daniel D. Daubert

Daniella Mogg

David Louis Forsythe

Gerald D. Stange

Gregory J. Strasser

James V. Block

Jay Kronenwetter

Jerod Albert Barkley

TIPS

LEGAL TERMS

FORBEARANCE

DEFINED CONTRIBUTION PLAN

FRATERNAL BENEFIT SOCIETY BENEFITS

BANKRUPTCY TRUSTEE

FAIR CREDIT BILLING ACT (FCBA)

CURRENT MONTHLY INCOME

NUISANCE FEES

FRAUDULENT TRANSFER

UNDUE HARDSHIP

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