Bellwood 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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2. Email
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Kelly Patrick Sibert

Real Estate, Collection, Contract, Credit & Debt

Status: Licensed: 17 Years

CONTACT

446 Des Plaines Ave, Forest Park, IL 60130

Dennis Sbertoli

Commercial Real Estate, Transactions, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 44 Years

CONTACT

La Grange Park, IL 60526

Kenneth Alan Fedinets

Corporate, Bankruptcy, Transactions

Status: Licensed: 46 Years

CONTACT

9701 West Grand Avenue, Franklin Park, IL 60131

Robert Honig

Real Estate, Estate, Bankruptcy & Debt

Status: Licensed: 32 Years

CONTACT

116 S. York St, Elmhurst, IL 60126

David Watschke

Federal Appellate Practice, Divorce & Family Law, Criminal, Bankruptcy & Debt

Status: Licensed: 47 Years

CONTACT

110 Schiller, Elmhurst, IL 60126

Rebecca Sharon Pratt Bromet

Mediation, International Tax, Workers' Compensation, Bankruptcy

Status: Licensed: 23 Years

CONTACT

947 Ashland Ave, River Forest, IL 60305

Austin Zimmer

Real Estate, Bankruptcy & Debt, Family Law, Personal Injury

Status: Licensed: 19 Years

CONTACT

918 Lathrop Ave, Forest Park, IL 60130

Mira Djordjic

Mediation, International Tax, Workers' Compensation, Bankruptcy

Status: Licensed: 34 Years

CONTACT

1509 Park Avenue, River Forest, IL 60305

Angelina Filippo

Bankruptcy, Divorce, Estate Planning, International Tax, Transactions

Status: Licensed: 17 Years

CONTACT

600 Enterprise Dr, Oak Brook, IL 60523

Patrick Terence Sheehan

International Tax, International, Bankruptcy

Status: Licensed: 38 Years

CONTACT

314 North York Road, Elmhurst, IL 60126

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LEGAL TERMS

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.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemp... (more...)

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that's no longer exemptible because it has been damaged or destroyed.

TRADE DRESS

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape... (more...)

The distinctive packaging or design of a product that promotes the product and distinguishes it from other products in the marketplace -- for example, the shape of Frangelico liqueur bottles. Trade dress can be protected under trademark law if a showing can be made that the average consumer would likely be confused as to product origin if another product were allowed to appear in similar dress.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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.

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Bellwood Bankruptcy & Debt Lawyer, Illinois, page 4

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Kelly Patrick Sibert

Dennis Sbertoli

Kenneth Alan Fedinets

Robert Honig

David Watschke

Rebecca Sharon Pratt Bromet

Austin Zimmer

Mira Djordjic

Angelina Filippo

Patrick Terence Sheehan

TIPS

LEGAL TERMS

MEETING OF CREDITORS

DOING BUSINESS AS (DBA)

S CORPORATION

GARNISHMENT

GUARANTOR

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

TRADE DRESS

GUARANTEED RESERVATION

BANKRUPTCY

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