Burnett County, WI Bankruptcy & Debt Lawyers

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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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Not enough matches for Burnett Bankruptcy & Debt lawyer.
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Adam C. Benson

Real Estate, Wrongful Termination, Defamation & Slander

Status: In Good Standing Licensed: 23 Years

CONTACT

24161 State Rd, Siren, WI 54872

Arthur C. Benson

Real Estate, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 44 Years

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29092 Pardun Road, Danbury, WI 54830

Dennis Lieder

Government

Status: In Good Standing Licensed: 50 Years

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7435 Airport Rd, Webster, WI 54893

Frank Monson

General Practice

Status: Suspended Licensed: 73 Years

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Star Route 4, Danbury, WI 54830

Frederic William Weber

General Practice

Status: Retired Licensed: 36 Years

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6358 Haaf Road, Webster, WI 54893

Frederick Painter

General Practice

Status: Inactive Licensed: 37 Years

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Grantsburg, WI 54840

George W. Benson

General Practice

Status: In Good Standing Licensed: 55 Years

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Siren, WI 54872

James H. Taylor

General Practice

Status: Retired Licensed: 51 Years

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4573 Sand Point Rd, Webster, WI 54893

James Taylor

General Practice

Status: Suspended Licensed: 41 Years

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7410 County Road K, Siren, WI 54872

Josiah Lee Staples

General Practice

Status: Suspended Licensed: 12 Years

CONTACT

6370 Polansky Road, Siren, WI 54872

800-923-0641

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LEGAL TERMS

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

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Burnett County, WI Bankruptcy & Debt Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Adam C. Benson

Arthur C. Benson

Dennis Lieder

Frank Monson

Frederic William Weber

Frederick Painter

George W. Benson

James H. Taylor

James Taylor

Josiah Lee Staples

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LEGAL TERMS

DOING BUSINESS AS (DBA)

NONEXEMPT PROPERTY

BANKRUPTCY

FORBEARANCE

CREDITOR

GUARANTOR

PRESUMED ABUSE

DISPOSABLE INCOME

CHAPTER 13 PLAN

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