Lombard Bankruptcy & Debt Lawyer, Illinois, page 4

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John Lynch
About | Practice Areas
Lynch Law, LLC
300 E 5th Ave Suite 360 Naperville, IL 60563» view map
Bankruptcy & Debt Law
A Family Approach To Law

Legal matters should only be dealt with by people you trust. Who can you rely on more than people who treat you like family? Trust us to help you today.

800-952-9511
1. John Lynch Naperville, IL
  Attorney at Law- IL, 1998
  Shepard Broad Law Center, J.D. 1998
2. AboutLynch Law, LLC
  A Family Approach To Law
3. Practice AreasExpertise
  Bankruptcy & Debt Law
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Jason Shore

Workers' Compensation, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

900 East Roosevelt Rd, Lombard, IL 60148

Jason Graff Shore

Workers' Compensation, Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 14 Years

CONTACT

900 East Roosevelt Rd, Lombard, IL 60148

Catherine M. Massarelli

Divorce, Civil Rights, Collection, Personal Injury

Status: In Good Standing

CONTACT

330 S Naperville Rd, Wheaton, IL 60187

Paul Eckhoff

Employee Rights, Divorce, Banking & Finance, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

330 S Naperville Rd, Wheaton, IL 60187

Catherine Massarelli

Divorce, Civil Rights, Collection, Personal Injury

Status: In Good Standing

CONTACT

330 S Naperville Rd, Wheaton, IL 60187

Paul Grant Eckhoff

Employee Rights, Divorce, Banking & Finance, Collection

Status: In Good Standing Licensed: 39 Years

CONTACT

330 S Naperville Rd, Wheaton, IL 60187

Masaru Takiguchi

Estate Planning, Transactions, Corporate, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

1415 W 22Nd St, Oak Brook, IL 60523

Masaru Kubota Takiguchi

Land Use & Zoning, Estate Planning, Transactions, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

1415 W 22Nd St, Oak Brook, IL 60523

Russell Custer

Bankruptcy & Debt, Collection, Litigation

Status: In Good Standing Licensed: 49 Years

CONTACT

1900 Spring Rd, Oak Brook, IL 60523

Natalie Cappetta

Commercial Real Estate, Estate, Transactions, Collection

Status: In Good Standing Licensed: 22 Years

CONTACT

1900 Spring Road, Oak Brook, IL 60523

800-923-0641

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

FDCPA

See Fair Debt Collections & Practices Act.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

DISCHARGE (OF DEBTS)

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

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

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.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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Lombard Bankruptcy & Debt Lawyer, Illinois, page 4

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Jason Shore

Jason Graff Shore

Catherine M. Massarelli

Paul Eckhoff

Catherine Massarelli

Paul Grant Eckhoff

Masaru Takiguchi

Masaru Kubota Takiguchi

Russell Custer

Natalie Cappetta

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

FDCPA

DISPOSABLE INCOME

DISCHARGE (OF DEBTS)

INTEREST

SETOFF

BANKRUPTCY

SECRET WARRANTY PROGRAM

401(K) PLAN

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