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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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Craig E. Stevenson

Business, Credit & Debt, Commercial Bankruptcy, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

33 East Main Street, Madison, WI 53701

Steven W. Zaleski

Farms, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

10 East Doty Street, Madison, WI 53703

Teresa K. Kobelt

State Trial Practice, Contract, Business Organization, Collection

Status: In Good Standing

CONTACT

1424 North High Point Road, Middleton, WI 53562

Aaron Benjamin Kessler

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

2901 West Beltline Highway, Madison, WI 53713

Abigail Darwin

Estate Planning, Environmental Law Other, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 16 Years

CONTACT

7846 W Oakbrook Cir, Madison, WI 53717

Abigal Kate Darwin

Estate Planning, Environmental Law Other, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 16 Years

CONTACT

7846 W Oakbrook Cir, Madison, WI 53717

Andrew J. Bezouska

Lawsuit & Dispute, Employment, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

6000 American Pkwy, Madison, WI 53783

Andrew Todd Rumpf

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 16 Years

CONTACT

152 W Main St, Cambridge, WI 53523

Andria M. Getchel

Family Law, Business & Trade, Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

1 E Milwaukee St, Madison, WI 53718

Bennett Jay Berson

Intellectual Property, Environmental Law Other, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 32 Years

CONTACT

33 E Main Street, Madison, WI 53703

800-923-0641

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

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.

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.

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.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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.

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.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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Wyocena Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Craig E. Stevenson

Steven W. Zaleski

Teresa K. Kobelt

Aaron Benjamin Kessler

Abigail Darwin

Abigal Kate Darwin

Andrew J. Bezouska

Andrew Todd Rumpf

Andria M. Getchel

Bennett Jay Berson

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LEGAL TERMS

REPOSSESSION

CHAPTER 7 BANKRUPTCY

MEANS TEST

CREDIT BUREAU

UNDUE HARDSHIP

WINDING UP

CURRENT MONTHLY INCOME

TRADE DRESS

SUBROGATION

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