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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:

CONTACT

1424 North High Point Road, Middleton, WI 53562

Steven W. Zaleski

Farms, DUI-DWI, Criminal, Bankruptcy

Status:

CONTACT

10 East Doty Street, Madison, WI 53703

Hans O. Helland

Divorce & Family Law, Bankruptcy, Estate Planning, Personal Injury

Status: Licensed: 76 Years

CONTACT

Wisconsin Dells, WI 53965

Micabil Diaz-Martinez

Divorce, Bankruptcy

Status:

CONTACT

2413 Parmenter Street, Middleton, WI 53562

Thomas John Casey

Bankruptcy & Debt, Estate, Lawsuit & Dispute

Status: Licensed: 41 Years

CONTACT

111 Oak Street, Mauston, WI 53948

Elizabeth Stevens

Estate Planning, Child Custody, Civil Rights, Reorganization

Status:

CONTACT

311 Dewitt Street, Portage, WI 53901

Michael D. Greiber

Real Estate, Estate, Bankruptcy & Debt, Personal Injury

Status: Licensed: 26 Years

CONTACT

702 Dewitt St, Portage, WI 53901

Katherine J. Kruger

Dispute Resolution, Divorce & Family Law, Bankruptcy, Malpractice, Child Custody

Status: Licensed: 25 Years

CONTACT

702 DeWitt St, Portage, WI 53901

Leon M. Swerin

General Practice

Status: Licensed: 47 Years

CONTACT

5109 S Hill Dr, Madison, WI 53705

George C. Wilbur

Bankruptcy & Debt, Criminal, Real Estate, Business, Lawsuit & Dispute

Status: Licensed: 29 Years

CONTACT

104 W Main St, La Farge, WI 54639

800-814-6700

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LEGAL TERMS

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

LOSS DAMAGE WAIVER (LDW)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it ofte... (more...)

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter's regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don't really need. LDW is also called 'collision damage waiver.'

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

CCCS

See Consumer Credit Counseling Service.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

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.

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Plain Bankruptcy & Debt Lawyer, Wisconsin

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

Teresa K. Kobelt

Steven W. Zaleski

Hans O. Helland

Micabil Diaz-Martinez

Thomas John Casey

Elizabeth Stevens

Michael D. Greiber

Katherine J. Kruger

Leon M. Swerin

George C. Wilbur

TIPS

LEGAL TERMS

NONPROFIT CORPORATION

LOSS DAMAGE WAIVER (LDW)

CREDIT INSURANCE

NUISANCE FEES

CCCS

DEBIT CARD

GARNISHMENT

REDEMPTION

LIMITED PARTNERSHIP

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