Somonauk Bankruptcy & Debt Lawyer, Illinois

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Thomas William Grant

Tax, Child Custody, Adoption, Collection
Status:  In Good Standing           Licensed:  54 Years

Michael W. Huseman

Bankruptcy & Debt, Litigation, Personal Injury, Landlord-Tenant, Condominiums
Status:  In Good Standing           

Diane E. Elliott

Adoption, Divorce & Family Law, Consumer Rights, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  19 Years

Thomas St. Jules

Family Law, Criminal, Collection, Personal Injury
Status:  In Good Standing           

Jonathan Blake Shanower

Landlord-Tenant, Litigation, Civil Rights, Collection
Status:  In Good Standing           

James James

Other, Civil Rights, Banking & Finance, Collection
Status:  In Good Standing           Licensed:  41 Years

James Charles James

Motor Vehicle, Divorce, Collection, Car Accident
Status:  In Good Standing           Licensed:  41 Years

Adam Richard Wirtz

Personal Injury, Criminal, Divorce & Family Law, Collection
Status:  In Good Standing           

Adam Wirtz

Divorce & Family Law, Criminal, Personal Injury, Collection
Status:  In Good Standing           

Lll Tom Townsend

Bankruptcy, Collection, Estate Planning, Landlord-Tenant
Status:  In Good Standing           Licensed:  22 Years

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

Member Representative

Call me for fastest results!
800-943-8690

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

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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LEGAL TERMS

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)
A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

FCBA

See Fair Credit Billing Act.

LIQUIDATING PARTNER

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

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.

CREDITOR

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

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.

DISCHARGE (OF DEBTS)

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

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)
A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.