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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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Lucy A Bjork

Real Estate, Lawsuit & Dispute, Divorce & Family Law, Bankruptcy

Status: Licensed: 40 Years

CONTACT

E7818 County Rd E, Menomonie, WI 54751

Joshua D. Christianson

Foreclosure, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 19 Years

CONTACT

2108 Broadway St S, Menomonie, WI 54751

Janet M. McDonough

Bankruptcy & Debt, Divorce & Family Law, Estate

Status: Licensed: 28 Years

CONTACT

103 North Bridge Street, Chippewa Falls, WI 54729

Ardis A. Cray

Criminal, Family Law, Estate Planning, Bankruptcy

Status: Licensed: 48 Years

CONTACT

12259 65Th Ave, Chippewa Falls, WI 54729

Jon Elton Stanek

Consumer Rights, Civil Rights, Consumer Bankruptcy, Bankruptcy

Status: Licensed: 20 Years

CONTACT

Eau Claire, WI 54703

Daniel R. Freund

Credit & Debt, Collection, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 42 Years

CONTACT

920 S Farwell St, Eau Claire, WI 54701

John W. Jokela

Bankruptcy & Debt, Credit & Debt, Bankruptcy Litigation, Bankruptcy

Status: Licensed: 50 Years

CONTACT

1901 Brackett Ave, Eau Claire, WI 54701

Brian Howard Wright

Employment, Criminal, Litigation, Bankruptcy

Status: Licensed: 32 Years

CONTACT

116 West Grand Avenue, Eau Claire, WI 54702

Russell D. Nicolet

Bankruptcy & Debt, Accident & Injury, Workers' Compensation, Social Security -- Disability, Mass Torts

Status: Licensed: 18 Years

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CONTACT

402 Graham Ave., Eau Claire, WI 54701

800-923-0641

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LEGAL TERMS

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

CYBERSQUATTING

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. T... (more...)

Buying a domain name that reflects the name of a business or famous person with the intent of selling the name back to the business or celebrity for a profit. The Anticybersquatting Consumer Protection Act of 1999 authorizes a cybersquatting victim to file a federal lawsuit to regain a domain name or sue for financial compensation. Under the act, registering, selling or using a domain name with the intent to profit from someone else's good name is considered cybersquatting. Victims of cybersquatting can also use the provisions of the Uniform Domain Name Dispute Resolution Policy adopted by ICANN, an international tribunal administering domain names. This international policy results in arbitration of the dispute, not litigation.

COLLATERAL

Property that guarantees payment of a secured debt.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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 NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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Colfax Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Lucy A Bjork

Joshua D. Christianson

Janet M. McDonough

Ardis A. Cray

Jon Elton Stanek

Daniel R. Freund

John W. Jokela

Brian Howard Wright

Russell D. Nicolet

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LEGAL TERMS

SECURED DEBT

CYBERSQUATTING

COLLATERAL

CHAPTER 13 BANKRUPTCY

REPOSSESSION

HOUSEHOLDER

IRS EXPENSES

TRADE NAME

SOLE PROPRIETORSHIP

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