Douglas County, IL Bankruptcy & Debt Lawyers

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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
1. Contact
2. Email
3. Refer
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Not enough matches for Douglas Bankruptcy & Debt lawyer.
Below are all Douglas lawyers.

Andrew L. Petty

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Accident & Injury, Personal Injury, Divorce & Family Law, Criminal, Estate

Licensed in Illinois and Florida

FREE CONSULTATION

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217-512-1434

402 S. Chestnut, Arcola, IL 61910

Raymond Lee

Estate Planning, Family Law, Municipal, Wills & Probate

Status:

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Rt 36 At Ohio St, Tuscola, IL 61953

James D Lee

Land Use & Zoning, Municipal, Labor Law, Employment

Status: Licensed: 46 Years

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6 E Prairie Ct, Tuscola, IL 61953

Robert Edward Kosic

Commercial Real Estate, Real Estate, Estate Planning, Corporate

Status: Licensed: 13 Years

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130 N Locust St, Arcola, IL 61910

Tammy Baer

Estate Planning, Workers' Compensation, Family Law, Civil Rights

Status: Licensed: 27 Years

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102 W Wilson St, Tuscola, IL 61953

Lloyd A. Murphy

General Practice

Status: Licensed: 43 Years

CONTACT

900 S Progress Blvd, Tuscola, IL 61953

Andrew William Bailey Bequette

Litigation, Estate Planning, Workers' Compensation, Personal Injury

Status: Licensed: 24 Years

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401 South Main Street, Tuscola, IL 61953

Jerry Stout

Commercial Real Estate, Estate Planning

Status: Licensed: 36 Years

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130 N Locust St, Arcola, IL 61910

David Deschler

General Practice

Status: Licensed: 21 Years

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401 S Center St, Tuscola, IL 61953

Frank Warren Lincoln

General Practice

Status: Licensed: 62 Years

CONTACT

307 E. Pinzon, Tuscola, IL 61953

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Lawyer.com can help you easily and quickly find Illinois Bankruptcy & Debt Lawyers and Illinois Bankruptcy & Debt Law Firms. Find Bankruptcy & Debt attorneys by major city or select a city from the list of all Illinois cities. Alternatively you can search for Bankruptcy & Debt attorneys for all Illinois cities or search by county. You may also also find it useful to refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

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.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

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.

TRUTH IN LENDING ACT (TILA)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disc... (more...)

A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.

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.

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.

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.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

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Douglas County, IL Bankruptcy & Debt Lawyers

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Andrew L. Petty

Raymond Lee

James D Lee

Robert Edward Kosic

Tammy Baer

Lloyd A. Murphy

Andrew William Bailey Bequette

Jerry Stout

David Deschler

Frank Warren Lincoln

TIPS

LEGAL TERMS

WORKOUT

SETOFF

MEANS TEST

TRUTH IN LENDING ACT (TILA)

PRIORITY DEBT

ABUSE

PREFERENCE

CHAPTER 7 BANKRUPTCY

WINDING UP

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