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Collison Reorganization Lawyer, Illinois

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800-814-6700

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Jared Lee Trigg

Commercial Real Estate, Family Law, Civil Rights, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  13 Years
CONTACT
220 N Vermilion St, Danville, IL 61832
Profile LAWPOINTS™34/100
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Curtis Allan Anderson

Real Estate, Trusts, Bankruptcy, Medical Malpractice, Civil & Human Rights
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  46 Years
CONTACT
7 E Harrison St, Danville, IL 61832
Profile LAWPOINTS™32/100
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Terrence Richard Miles

Real Estate, Bankruptcy, Personal Injury, Legal Malpractice, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  37 Years
CONTACT
2 E Main St, Danville, IL 61832
Profile LAWPOINTS™24/100
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Edwin C. Barney

Litigation, Divorce, Civil Rights, Collection, Transactions
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  26 Years
CONTACT
208 W North St, Danville, IL 61832
Profile LAWPOINTS™22/100
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Brian Charles Lawlyes

Bankruptcy, DUI-DWI, Traffic, Personal Injury
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  30 Years
CONTACT
15 North Vermilion Street, Danville, IL 61832
Profile LAWPOINTS™22/100
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Michael Merlie

Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  52 Years
CONTACT
114 N. Walnut Street, Danville, IL 61832
Profile LAWPOINTS™17/100
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Pamela Sue Howell

Adoption, Americans with Disabilities Act , Transactions, Collection
Status:  Inactive *Status is reviewed annually. For latest information visit here           Licensed:  48 Years
CONTACT
48 N. Vermilion St., Danville, IL 61832
Profile LAWPOINTS™17/100
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Member Representative

800-814-6700

Free Help: Use This Form or Call 800-814-6700

Member Representative

Call me for fastest results!
800-814-6700

Free Help: Use This Form or Call 800-814-6700

By submitting this request, I authorize you to forward my information to multiple potential lawyers and I agree to your Terms of Use and Privacy Policy including the Consent to Receive Automated Phone Calls, Emails and Texts. Information you provide is not privileged or confidential.

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LEGAL TERMS

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.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

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.

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.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)
The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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.

ABUSE

Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because ... (more...)
Misuse of the Chapter 7 bankruptcy remedy. This term is typically applied to Chapter 7 bankruptcy filings that should have been filed under Chapter 13, because the debtor appears to have enough disposable income to fund a Chapter 13 repayment plan.

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