Collison Bankruptcy & Debt Lawyer, Illinois

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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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2. Email
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Brian Charles Lawlyes

Bankruptcy, DUI-DWI, Traffic, Personal Injury

Status: Licensed: 31 Years

CONTACT

15 North Vermilion Street, Danville, IL 61832

Curtis Allan Anderson

Real Estate, Trusts, Bankruptcy, Medical Malpractice, Civil & Human Rights

Status: Licensed: 46 Years

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7 E Harrison St, Danville, IL 61832

Douglas Lawlyes

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

Status: Licensed: 23 Years

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408 North Vermilion Street, Danville, IL 61832

Edwin C. Barney

Litigation, Divorce, Civil Rights, Collection, Transactions

Status: Licensed: 26 Years

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208 W North St, Danville, IL 61832

Eve Allison Ludwig

Collection, Bankruptcy, Estate Planning

Status: Licensed: 20 Years

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7 E. Harrison, Danville, IL 61832

Gerald D Fines

Employment, Admiralty & Maritime, Commercial Bankruptcy

Status: Licensed: 53 Years

CONTACT

U.S. Bankruptcy Court, Danville, IL 61834

Jared Lee Trigg

Commercial Real Estate, Family Law, Civil Rights, Bankruptcy

Status: Licensed: 13 Years

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220 N Vermilion St, Danville, IL 61832

Kevin Robert Schneider

Divorce & Family Law, Bankruptcy, Civil Rights, Federal Appellate Practice

Status: Licensed: 12 Years

CONTACT

7 North Vermilion, Danville, IL 61832

Michael Merlie

Bankruptcy

Status: Licensed: 52 Years

CONTACT

114 N. Walnut Street, Danville, IL 61832

Nicolas Jon Boileau

Litigation, Criminal, Bankruptcy Litigation

Status: Licensed: 17 Years

CONTACT

220 N Vermilion St, Danville, IL 61832

800-814-6700

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LEGAL TERMS

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

BANKRUPTCY TRUSTEE

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is t... (more...)

A person appointed by the court to oversee the case of a person or business that has filed for bankruptcy. In a consumer Chapter 7 case, the trustee's role is to gather the debtor's nonexempt property, liquidate it and distribute it proportionally to her creditors. In a Chapter 13 case, the trustee's role is to receive the debtor's monthly payments and distribute them proportionally to her creditors.

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.

FDCPA

See Fair Debt Collections & Practices Act.

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

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Collison Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Brian Charles Lawlyes

Curtis Allan Anderson

Douglas Lawlyes

Edwin C. Barney

Eve Allison Ludwig

Gerald D Fines

Jared Lee Trigg

Kevin Robert Schneider

Michael Merlie

Nicolas Jon Boileau

TIPS

LEGAL TERMS

FORBEARANCE

MEETING OF CREDITORS

PREFERENCE

NONEXEMPT PROPERTY

BANKRUPTCY TRUSTEE

ACCORD AND SATISFACTION

FDCPA

C CORPORATION

LIMITED LIABILITY

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