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Altamont Bankruptcy & Debt Lawyer, Illinois

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Tracy Berberich

Collection, Transactions, Municipal
Status:  In Good Standing           Licensed:  22 Years
CONTACT
122 East Washington Avenue, Effingham, IL 62401
Profile LAWPOINTS™32/100
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Ronald Edward Fuhr

Litigation, Banking & Finance, Collection, Bankruptcy
Status:  In Good Standing           Licensed:  41 Years
CONTACT
307 North 3Rd Street, Effingham, IL 62401
Profile LAWPOINTS™32/100
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John Edgar Longwell

Real Estate, Bankruptcy, Family Law
Status:  Suspended           Licensed:  39 Years
CONTACT
1000 Northwood Drive, Effingham, IL 62401
Profile LAWPOINTS™17/100
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Christy Rae Black

Bankruptcy
Status:  Inactive           Licensed:  20 Years
CONTACT
Farina, IL 62838
Profile LAWPOINTS™17/100
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Christy Black

Bankruptcy
Status:  Inactive           Licensed:  20 Years
CONTACT
Farina, IL 62838
Profile LAWPOINTS™17/100
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Rockney L. Weber

Government, Personal Injury, Bankruptcy, Corporate
Status:  In Good Standing           Licensed:  46 Years
CONTACT
303 South 7Th St., Vandalia, IL 62471
Profile LAWPOINTS™27/100
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James Richard Myers

Civil Rights, Insurance, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  30 Years
CONTACT
Vandalia, IL 62471
Profile LAWPOINTS™34/100
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James Myers

Civil Rights, Insurance, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  30 Years
CONTACT
Vandalia, IL 62471
Profile LAWPOINTS™34/100
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Troy Gabriel Payne

Traffic, Divorce, DUI-DWI, Bankruptcy
Status:  In Good Standing           Licensed:  24 Years
CONTACT
Vandalia, IL 62471
Profile LAWPOINTS™32/100
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Troy Payne

Traffic, Divorce, DUI-DWI, Bankruptcy
Status:  In Good Standing           Licensed:  24 Years
CONTACT
Vandalia, IL 62471
Profile LAWPOINTS™32/100
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Lawyer.com can help you easily and quickly find Altamont Bankruptcy & Debt Lawyers and Altamont Bankruptcy & Debt Law Firms. Refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

FCRA

See Fair Credit Reporting Act.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)
A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

LIQUIDATING PARTNER

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

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)
Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)
An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)
A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)
The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

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