Fall River Collection Lawyer, Wisconsin

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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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Teresa K. Kobelt

State Trial Practice, Contract, Business Organization, Collection

Status: In Good Standing

CONTACT

1424 North High Point Road, Middleton, WI 53562

Robert A. Pasch

Corporate, Business Organization, Banking & Finance, Collection

Status: In Good Standing Licensed: 52 Years

CONTACT

33 E Main St, Madison, WI 53701

Jane F. (Ginger) Zimmerman

Corporate, Business Organization, Collection, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

33 E Main St, Madison, WI 53701

Jonathan P. Bruni

Employment, Contract, Business Organization, Collection

Status: In Good Standing Licensed: 35 Years

CONTACT

33 E Main St, Madison, WI 53701

H Robert Kilkelly

Government, Employment, Business, Collection

Status: Inactive Licensed: 56 Years

CONTACT

222 W Washington Ave, Madison, WI 53701

Richard Andrew Bodmer

Collection

Status: In Good Standing Licensed: 19 Years

CONTACT

1213 North Sherman Avenue, Madison, WI 53704

Deepak Dass

Lawsuit & Dispute, Collection

Status: In Good Standing Licensed: 20 Years

CONTACT

Madison, WI 53707

Thomas R. Oberwetter

Collection, Collection, Collection, Class Action, Lawsuit & Dispute

Status: In Good Standing Licensed: 47 Years

CONTACT

404 Glenway St, Madison, WI 53701

Lisa Kay Lietz-Ray

Collection, Commercial Bankruptcy, Bankruptcy Litigation, Bankruptcy & Debt

Status: In Good Standing Licensed: 33 Years

CONTACT

2901 W Beltline Hwy, Madison, WI 53713

Nanette L. Karls

Real Estate, Divorce, Adoption, Divorce & Family Law, Collection

Status: In Good Standing Licensed: 33 Years

CONTACT

414 D'Onofrio Dr, Madison, WI 53719

800-923-0641

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LEGAL TERMS

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.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

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.

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.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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Fall River Collection Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Teresa K. Kobelt

Robert A. Pasch

Jane F. (Ginger) Zimmerman

Jonathan P. Bruni

H Robert Kilkelly

Richard Andrew Bodmer

Deepak Dass

Thomas R. Oberwetter

Lisa Kay Lietz-Ray

Nanette L. Karls

TIPS

LEGAL TERMS

SUBROGATION

GRACE PERIOD

NONEXEMPT PROPERTY

SOLE PROPRIETORSHIP

COLLECTION AGENCY

SETOFF

BANKRUPTCY TRUSTEE

SECURED DEBT

REDEMPTION

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