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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

John V. Burns

Estate Planning, Family Law, Criminal, Bankruptcy

Status: In Good Standing

CONTACT

1111 East Sumner Street, Hartford, WI 53027

Charles Francis Hart

Commercial Bankruptcy, Health Care, Elder Law, Family Law, Estate Planning

Status: In Good Standing Licensed: 44 Years

CONTACT

2777 Mission Rd, Nashotah, WI 53058

Daniel George Radler

Intellectual Property, Environmental Law Other, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 27 Years

CONTACT

670 Florence Dr, Elm Grove, WI 53122

John E. Rashke

Workers' Compensation, Employment, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 56 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Michael J. Palid

Federal Appellate Practice, Bankruptcy, Bankruptcy & Debt, Freedom of Religion

Status: In Good Standing Licensed: 45 Years

CONTACT

667 State St, Marinette, WI 54143

Nick Otto

Real Estate, Employment, Bankruptcy, Bankruptcy & Debt

Status: Suspended Licensed: 12 Years

CONTACT

1225 E Union Ave, Wausau, WI 54403

Peter A. Peshek

Government, Environmental Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 56 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Robert G. Pyzyk

Contract, Business Organization, Banking & Finance, Bankruptcy

Status: In Good Standing Licensed: 50 Years

CONTACT

N94W17900 Appleton Ave, Menomonee Falls, WI 53052

Ronald R. Ragatz

Workers' Compensation, Family Law, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 47 Years

CONTACT

2 E Mifflin St, Madison, WI 53703

Steven E. Osgood

Landlord-Tenant, Estate, Criminal, Bankruptcy

Status: In Good Standing Licensed: 45 Years

CONTACT

17505 Brooklawn Dr, Brookfield, WI 53045

800-923-0641

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LEGAL TERMS

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

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.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

CREDIT FILE

See credit report.

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.

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST WOODS v. Woods

... We review the report of the referee, John Murphy, recommending the court suspend Attorney Terrence Woods' license to practice law for a period of ninety (90) days for professional misconduct committed in the context of a bankruptcy proceeding and a divorce proceeding. ...

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST BOYD

... A significant portion of her practice is apparently devoted to handling bankruptcies since she stated at the public hearing before the referee that she has handled between 1,000 and 1,200 bankruptcy cases since starting her practice. ...

MATTER OF DISCIPLINARY PROCEEDINGS AGAINST JENNINGS

... proceeding. 649 Â¶ 2 Attorney Jennings was admitted to practice law in Wisconsin in 1975. In May 1986 he was appointed to represent Milwaukee Cheese and Sheboygan Sausage in chapter 11 bankruptcy proceedings. Between ...

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Colgate Bankruptcy Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John V. Burns

Charles Francis Hart

Daniel George Radler

John E. Rashke

Michael J. Palid

Nick Otto

Peter A. Peshek

Robert G. Pyzyk

Ronald R. Ragatz

Steven E. Osgood

TIPS

LEGAL TERMS

TRUTH IN LENDING ACT (TILA)

PREFERENCE

MEETING OF CREDITORS

REPOSSESSION

PRIORITY DEBT

DOING BUSINESS AS (DBA)

LIQUIDATING PARTNER

CREDIT FILE

IRS EXPENSES

SAMPLE LEGAL CASES

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST WOODS v. Woods

IN THE MATTER OF DISCIPLINARY PROCEEDINGS AGAINST BOYD

MATTER OF DISCIPLINARY PROCEEDINGS AGAINST JENNINGS

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