South Wilmington Bankruptcy & Debt Lawyer, Illinois, page 4

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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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Patrick A Meszaros

Real Estate, Bankruptcy, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

1100 W Jefferson St, Joliet, IL 60435

Firas Abunada

Divorce & Family Law, Bankruptcy, Traffic, Foreclosure, Divorce

Status: In Good Standing

CONTACT

1861 Black Road, Joliet, IL 60435

John C. Renzi

Power of Attorney, Foreclosure, Health Care, Trusts, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1861 Black Road, Joliet, IL 60435

Stuart Handelman

Employment Discrimination, Bankruptcy, Bankruptcy & Debt, Personal Injury

Status: In Good Standing

CONTACT

54 N. Ottawa St., Joliet, IL 60432

Charles Robert Wolf

Wills & Probate, Estate Planning, Transactions, Bankruptcy

Status: In Good Standing Licensed: 25 Years

CONTACT

116 N Chicago St, Joliet, IL 60432

Gary K. Davidson

Commercial Real Estate, Government Agencies, Business Organization, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

58 E Clinton St, Crest Hill, IL 60432

Sara Joanna Gray

Bankruptcy & Debt, Criminal, Traffic, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 25 Years

CONTACT

1429 Plainfield Road, Joliet, IL 60435

Timothy A. Clark

Litigation, Divorce & Family Law, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 120 Years

CONTACT

3180 Theodore St, Joliet, IL 60435

Brian Gabor

Traffic, Divorce, DUI-DWI, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

207 W Madison St, Pontiac, IL 61764

Brian Michael Gabor

Traffic, Divorce, DUI-DWI, Collection

Status: In Good Standing Licensed: 26 Years

CONTACT

207 W Madison St, Pontiac, IL 61764

800-923-0641

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

CREDIT FILE

See credit report.

LIQUIDATING PARTNER

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

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South Wilmington Bankruptcy & Debt Lawyer, Illinois, page 4

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Patrick A Meszaros

Firas Abunada

John C. Renzi

Stuart Handelman

Charles Robert Wolf

Gary K. Davidson

Sara Joanna Gray

Timothy A. Clark

Brian Gabor

Brian Michael Gabor

TIPS

LEGAL TERMS

CHAPTER 13 PLAN

GRACE PERIOD

PRIORITY DEBT

REAFFIRMATION

LIMITED PARTNERSHIP

IRS EXPENSES

LIABILITY

CREDIT FILE

LIQUIDATING PARTNER

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