Illinois Bankruptcy & Debt Lawyer List

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Herbert Hoover Franks Lawyer
Herbert Hoover Franks
is a Top Attorney Award winner at Attorney.com. Only 5% have the elite qualifications. Click the badge for more info.

Herbert Hoover Franks

Herbert Hoover Franks is a Top Attorney Award winner at Attorney.com. Only 5% have the elite qualifications. Click the badge for more info.
VERIFIED
Marengo Bankruptcy & Debt Lawyer

Herb Franks grew up on a dairy farm in Marengo, Illinois. And as a young man working early and long hours milking cows, he knew he wanted more out of ... (more)

FREE CONSULTATION 

CONTACT

815-923-2107

Robert  Schaller Lawyer

Robert Schaller

VERIFIED
Oak Brook Bankruptcy & Debt Lawyer
WILLS, TRUSTS, PROBATE & TAX ATTORNEY & REGISTERED CPA | EXPECT THE BEST | 37+ YEARS OF EXPERIENCE

Attorney Robert Schaller treats every client like family, giving them the time and personal attention they deserve. The law firm offers both in-office... (more)

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CONTACT

630-655-1233

John Harold Redfield Lawyer

John Harold Redfield

VERIFIED
Chicago Bankruptcy & Debt Lawyer

Chicago Bankruptcy Attorney John Redfield has more than 40 years of experience in bankruptcy law. He holds his Masters of Law in taxation and is a cer... (more)

Steven H. Mevorah Lawyer

Steven H. Mevorah

VERIFIED
Lombard Bankruptcy & Debt Lawyer

Steven H. Mevorah is the founder of Mevorah & Giglio Law Offices and began his practice in 1979. Mr. Mevorah brings significant experience to bear in ... (more)

FREE CONSULTATION 

CONTACT

630-932-9100

Thomas  Laye Lawyer

Thomas Laye

VERIFIED
Rockford Bankruptcy & Debt Lawyer

Thomas was born and raised in Cherry Valley, Illinois. He attended Western Illinois University where he received his Bachelor’s in Law Enforcement a... (more)

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CONTACT

815-962-0044

Jay  Howd Lawyer

Jay Howd

VERIFIED
Marion Bankruptcy & Debt Lawyer
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)

FREE CONSULTATION 

CONTACT

618-993-1300

John J. Lynch Lawyer

John J. Lynch

VERIFIED
Lisle Bankruptcy & Debt Lawyer

Over 50 Years of Combined Legal Experience! Experienced Illinois Bankruptcy Law AttorneysAre your financial problems forcing you to consider bankru... (more)

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CONTACT

800-952-9511

Colleen  Thomas Lawyer

Colleen Thomas

Carpentersville Bankruptcy & Debt Lawyer

Thomas Law Office is a family law practice that handles divorce and bankruptcy cases, as well as child custody, child support, adoptions and more. For... (more)

Robert J. Tomei Lawyer

Robert J. Tomei

VERIFIED
Libertyville Bankruptcy & Debt Lawyer

Robert is a lifetime Lake County resident, born in Libertyville, Illinois, and raised in the neighboring Village of Gurnee. Robert attended Warren Tow... (more)

FREE CONSULTATION 

CONTACT

847-549-0600

Deanna Lynne Aguinaga Walker Lawyer

Deanna Lynne Aguinaga Walker

Geneva Bankruptcy & Debt Lawyer
Geneva Estate Planning Lawyer

Deanna L. Aguinaga Walker is a well-versed attorney who concentrates her practice in the areas of estate planning, bankruptcy, residential real estate... (more)

FREE CONSULTATION 

CONTACT

331-222-7978

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LEGAL TERMS

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)
A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

CREDIT FILE

See credit report.

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.

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

FCRA

See Fair Credit Reporting Act.

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.