Manitowoc County, WI Credit & Debt Lawyers, page 4

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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 Manitowoc Credit & Debt lawyer.
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David J. Pawlowski

Industry Specialties, Criminal, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

114 E Main St, Manitowoc, WI 54220

Eric G. Nycz

Lawsuit & Dispute, Government, Employment, Criminal

Status: In Good Standing Licensed: 20 Years

CONTACT

1011 Washington St, Manitowoc, WI 54220

Jeremy T. Gill

Health Care, Business

Status: In Good Standing

CONTACT

1425 Memorial Dr, Manitowoc, WI 54221

Jacqueline Lorenz Sehloff

Personal Injury

Status: Inactive Licensed: 19 Years

CONTACT

900 S Tenth St, Manitowoc, WI 54221

Phillip R. Maples

Trusts, Estate, Business

Status: In Good Standing Licensed: 33 Years

CONTACT

1000 Maritime Dr, Manitowoc, WI 54220

John F. Mayer

Landlord-Tenant, Foreclosure, Estate, Defamation & Slander

Status: In Good Standing

CONTACT

1425 Memorial Dr, Manitowoc, WI 54220

James W. Goonan

Lawsuit & Dispute, Estate, Employment, Divorce & Family Law

Status: In Good Standing Licensed: 24 Years

CONTACT

4400 Calumet Ave, Manitowoc, WI 54220

Christopher R. Bandt

Insurance, Medical Malpractice, Accident & Injury, Car Accident

Status: In Good Standing

CONTACT

1425 Memorial Dr, Manitowoc, WI 54221

William R. Wick

Foreclosure, Lawsuit, Wrongful Termination, Child Support

Status: In Good Standing

CONTACT

1425 Memorial Dr, Manitowoc, WI 54221

Ralph J. Sczygelski

Felony, DUI-DWI, Business Organization, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

713 Washington St, Manitowoc, WI 54220

800-923-0641

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LEGAL TERMS

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

TRADE NAME

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

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

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.

INFRINGEMENT (OF TRADEMARK)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringeme... (more...)

Unauthorized use of a protected trademark or service mark, or use of something very similar to a protected mark. The success of a lawsuit to stop the infringement turns on whether the defendant's use causes a likelihood of confusion in the average consumer. If a court determines that the average consumer would be confused, the owner of the original mark can prevent the other's use of the infringing mark and sometimes collect damages.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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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Manitowoc County, WI Credit & Debt Lawyers, page 4

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David J. Pawlowski

Eric G. Nycz

Jeremy T. Gill

Jacqueline Lorenz Sehloff

Phillip R. Maples

John F. Mayer

James W. Goonan

Christopher R. Bandt

William R. Wick

Ralph J. Sczygelski

TIPS

LEGAL TERMS

S CORPORATION

DEFINED CONTRIBUTION PLAN

CURRENT MONTHLY INCOME

TRADE NAME

LIMITED PARTNERSHIP

FAIR LABOR STANDARDS ACT (FLSA)

INFRINGEMENT (OF TRADEMARK)

COSIGNER

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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PRACTICE AREAS 70