Grand Chain Workout Lawyer, Illinois

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Jay  Howd Lawyer

Jay Howd

VERIFIED
Bankruptcy & Debt, Bankruptcy, Consumer Bankruptcy, Credit & Debt
Your First Step to a Fresh Start

Jay B. Howd was born and raised in LaHarpe, Illinois, a small farm community in west-central Illinois. Jay graduated valedictorian of his LaHarpe high... (more)

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CONTACT

618-993-1300

Tambra Cain

Collection, Transactions, Commercial Real Estate
Status:  In Good Standing           Licensed:  22 Years

Tambra Kay Cain

Collection, Transactions, Commercial Real Estate
Status:  In Good Standing           Licensed:  22 Years

Raub Warren Bierbaum

Credit & Debt, Business & Trade
Status:  Inactive           Licensed:  23 Years

Gregory Allen Veach

Commercial Real Estate, Trusts, Business, Credit & Debt
Status:  In Good Standing           Licensed:  49 Years

Douglas Haile

Bankruptcy
Status:  In Good Standing           Licensed:  33 Years

Douglas L. Haile

Bankruptcy
Status:  In Good Standing           Licensed:  33 Years

Sarah Jeanne Taylor

Eminent Domain, Estate Planning, Civil Rights, Credit & Debt
Status:  In Good Standing           

Michael Twomey

Mediation, Banking & Finance, Credit & Debt, Collection
Status:  In Good Standing           

Sarah L. Taylor

Estate Planning, Civil Rights, Credit & Debt, Collection
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)
The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

TRADE NAME

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

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)
The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)
In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)
An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

COLLATERAL

Property that guarantees payment of a secured debt.

CREDITOR

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