Strasburg Bankruptcy & Debt Lawyer, Illinois

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Judy A. Baker

Trusts, Child Custody, Adoption, Collection, Estate Planning
Status:  In Good Standing           Licensed:  32 Years

Walter Brooks Lookofsky

Estate Planning, Divorce, DUI-DWI, Collection
Status:  In Good Standing           Licensed:  21 Years

Walter Lookofsky

Estate Planning, Divorce, DUI-DWI, Collection
Status:  In Good Standing           Licensed:  21 Years

Vernon Louis Plummer

Social Security, Divorce, Criminal, Collection
Status:  In Good Standing           Licensed:  50 Years

Vernon Plummer

Social Security, Divorce, Criminal, Collection
Status:  In Good Standing           Licensed:  50 Years

Ernest Lee Waite

Traffic, Estate Planning, Bankruptcy, Personal Injury, Business
Status:  In Good Standing           Licensed:  24 Years

Ernest Waite

Divorce & Family Law, Criminal, Business & Trade, Bankruptcy
Status:  In Good Standing           Licensed:  24 Years

William D Mcgrath

Divorce & Family Law, Criminal, Bankruptcy, Civil Rights
Status:  In Good Standing           Licensed:  43 Years

David Charles Nelson

Divorce & Family Law, Criminal, Business & Trade, Bankruptcy
Status:  In Good Standing           Licensed:  52 Years

Judy Baker

Collection, Estate, Bankruptcy
Status:  In Good Standing           Licensed:  33 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

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.

CREDIT FILE

See credit report.

DISCHARGE (OF DEBTS)

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

COLLATERAL

Property that guarantees payment of a secured debt.

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.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)
A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)
A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

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.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)
A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.