Gurnee Bankruptcy & Debt Lawyer, Illinois

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Patrick Jones
About | Practice Areas
PMJ PLLC
100 S State St Chicago, IL 60603» view map
Bankruptcy & Debt
Working Relentlessly For You

Patrick is the Founder of PMJ PLLC and has more than 20 years of experience.

800-901-4721
1. Patrick Jones Chicago, IL
  Attorney at Law- IL
  DePaul University College of Law, J.D. 1999
2. AboutPMJ PLLC
  Working Relentlessly For You
3. Practice AreasExpertise
  Bankruptcy & Debt
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Sharanya Gururajan

Bankruptcy, Bankruptcy Litigation, Corporate, Federal Trial Practice

Status: In Good Standing

FREE CONSULTATION

CONTACT

420 W. Clayton Street, Waukegan, IL 60085

David Siegel

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Divorce

Status: In Good Standing

FREE CONSULTATION

CONTACT

2835 Belvidere Road, Waukegan, IL 60085

Matthew J. Stanton

Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 21 Years

CONTACT

4949 Grand Ave, Gurnee, IL 60031

Daniel Sinclair

Business, Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

4170 Old Grand Ave, Gurnee, IL 60031

Keith Jeffrey Rhine

Lawsuit & Dispute, Insurance, Collection, Accident & Injury

Status: In Good Standing Licensed: 22 Years

CONTACT

860 Northpoint Boulevard, Waukegan, IL 60085

Keith Rhine

Lawsuit & Dispute, Insurance, Collection, Accident & Injury

Status: In Good Standing Licensed: 22 Years

CONTACT

860 Northpoint Boulevard, Waukegan, IL 60085

Daniel Kevin Sinclair

Business, Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

4170 Old Grand Ave, Gurnee, IL 60031

Lawrence Howard Spector

Criminal, Bankruptcy & Debt, Employment, Commercial Bankruptcy

Status: In Good Standing Licensed: 52 Years

CONTACT

495 North Riverside Drive, Gurnee, IL 60031

800-923-0641

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LEGAL TERMS

FCRA

See Fair Credit Reporting Act.

CREDIT FILE

See credit report.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

Gurnee Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Sharanya Gururajan

David Siegel

Matthew J. Stanton

Daniel Sinclair

Keith Jeffrey Rhine

Keith Rhine

Daniel Kevin Sinclair

Lawrence Howard Spector

TIPS

LEGAL TERMS

FCRA

CREDIT FILE

PRESUMED ABUSE

GUARANTOR

S CORPORATION

DISCHARGE (OF DEBTS)

C CORPORATION

ABUSE

CREDITOR

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