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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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David B. Russell

General Practice

Status: In Good Standing

FREE CONSULTATION

CONTACT

505 King Street, La Crosse, WI 54602

David L. Abt

Accident & Injury, Bankruptcy & Debt, Divorce & Family Law, Real Estate, Personal Injury

Status: In Good Standing Licensed: 47 Years

CONTACT

210 N Main St, Westby, WI 54667

George C. Wilbur

Bankruptcy & Debt, Criminal, Real Estate, Business, Lawsuit & Dispute

Status: In Good Standing Licensed: 28 Years

CONTACT

104 W Main St, La Farge, WI 54639

Matthew J. Krawczyk

Corporate, Business Organization, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 17 Years

CONTACT

16535 W Bluemound Rd, Brookfield, WI 53005

Daniel Kaminsky

Employee Rights, Corporate, Credit & Debt, Medical Malpractice

Status: In Good Standing Licensed: 26 Years

CONTACT

531 Fond Du Lac Ave, Fond Du Lac, WI 54935

Sibylle H. Tasker

Real Estate, Government, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 27 Years

CONTACT

1950 Elm Tree Rd, Elm Grove, WI 53122

Rachel Lyn Taknint

Government, Bankruptcy, Litigation, Business

Status: Suspended Licensed: 39 Years

CONTACT

2804 E Newberry Blvd, Milwaukee, WI 53211

Daphne Webb

Environmental Law Other, Workers' Compensation, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 51 Years

CONTACT

222 W Washington Ave, Madison, WI 53701

Bryan D. Woods

Real Estate, Divorce & Family Law, Business, Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Ryan Scott Lovitz

Environmental Law Other, Business, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 18 Years

CONTACT

10801 Corporate Dr, Pleasant Prairie, WI 53158

800-923-0641

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LEGAL TERMS

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

CREDIT FILE

See credit report.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

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.

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.

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.

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.

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.'

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Viroqua Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David B. Russell

David L. Abt

George C. Wilbur

Matthew J. Krawczyk

Daniel Kaminsky

Sibylle H. Tasker

Rachel Lyn Taknint

Daphne Webb

Bryan D. Woods

Ryan Scott Lovitz

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LEGAL TERMS

S CORPORATION

CREDIT FILE

BANKRUPTCY TRUSTEE

IRS EXPENSES

TRADE DRESS

DEBT COLLECTOR

REDEMPTION

MEANS TEST

LOSS DAMAGE WAIVER (LDW)

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