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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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Brian A. Romans

Contract, Credit & Debt, Estate Administration, Land Use & Zoning

Status: In Good Standing

CONTACT

N94 W17900 Appleton Avenue, Menomonee Falls, WI 53051

John Krawczyk

Americans with Disabilities Act , Commercial Banks, Credit & Debt, Directors & Officers

Status: In Good Standing

CONTACT

16650 W. Bluemound Rd., Brookfield, WI 53005

J. Paul Neumeier

Corporate, Business Organization, Commercial Real Estate, Credit & Debt

Status: In Good Standing

CONTACT

Two Plaza East, 330 East Kilbourn Avenue, Milwaukee, WI 53202

Beth M Brockmeyer

Commercial Bankruptcy, Consumer Bankruptcy, Credit & Debt

Status: In Good Standing

CONTACT

N14 W24200 Tower Place, Waukesha, WI 53188

Robert Olmr

Employment, Criminal, Credit & Debt, Accident & Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

222 E Main St, Port Washington, WI 53074

Kurt A. F. Malmquist

Workers' Compensation, Family Law, Insurance, Credit & Debt, Personal Injury

Status: In Good Standing Licensed: 41 Years

CONTACT

142 N Main St, Mequon, WI 53092

Heidi N. Miller

Consumer Rights, Student Rights, Credit & Debt, Collection

Status: In Good Standing Licensed: 13 Years

CONTACT

1655 N Mayfair Rd, Milwaukee, WI 53226

Thomas D Vaitys

Consumer Protection, Deceptive Trade Practices, Credit & Debt, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

2266 North Prospect Ave., Milwaukee, WI 53202

Scott David Nabke

Commercial Real Estate, Insurance, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 23 Years

CONTACT

165 Bishops Way, Brookfield, WI 53005

John R. Schreiber

Federal Appellate Practice, Banking & Finance, Business, Credit & Debt

Status: In Good Standing

CONTACT

111 E. Wisconsin Ave, Milwaukee, WI 53202

800-923-0641

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LEGAL TERMS

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

FDCPA

See Fair Debt Collections & Practices Act.

FCBA

See Fair Credit Billing Act.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

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.

SAMPLE LEGAL CASES

HARBOR CREDIT UNION v. SAMP

... 1 BLANCHARD, J. Harbor Credit Union obtained a judgment of foreclosure on real estate owned by Christopher Samp based on Samp's default on a first mortgage and note. ... So Mr. Samp would be walking away without any debt to [Harbor] in regard to those two loans.". ...

IN RE THE MARRIAGE OF CHON v. Sorensen

... 4 The trial court found that Sorenson overpaid maintenance, essentially cancelling out the credit card debt. ... The court expressly found credible Sorenson's testimony regarding the payment of the credit card debt. We defer to the circuit court's credibility determinations. Wis. Stat. ...

IN RE THE MARRIAGE OF IVERSON v. Iverson

... Jean agreed to "maintain average inventory in the store" and further agreed that "she will not increase the credit card debt against the business beyond $50,000." Lowell agreed to pay Jean a $40,000 cash equalization payment from his share of the net sale proceeds of ...

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Adell Credit & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Brian A. Romans

John Krawczyk

J. Paul Neumeier

Beth M Brockmeyer

Robert Olmr

Kurt A. F. Malmquist

Heidi N. Miller

Thomas D Vaitys

Scott David Nabke

John R. Schreiber

TIPS

LEGAL TERMS

ABUSE

DEFINED CONTRIBUTION PLAN

MEETING OF CREDITORS

DISCHARGE (OF DEBTS)

TRUTH IN LENDING ACT (TILA)

FDCPA

FCBA

FAIR LABOR STANDARDS ACT (FLSA)

LIABILITY

SAMPLE LEGAL CASES

HARBOR CREDIT UNION v. SAMP

IN RE THE MARRIAGE OF CHON v. Sorensen

IN RE THE MARRIAGE OF IVERSON v. Iverson

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