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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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Chantal Claudine Hachem

Bankruptcy & Debt

Chantal Hachem is a licensed practicing Illinois attorney. She obtained her Doctor of Law from DePaul University College of Law in June of 1998. She i... (more)

CONTACT

312-841-6417

11001 Deblin Lane, Oak Lawn, IL 60453

Joseph Cardinal

Commercial Real Estate, Estate, Family Law, Bankruptcy & Debt, Real Estate Other

Status:

CONTACT

3838 West 111Th Street, Chicago, IL 60655

Amjad Abukhdeir

Trade Associations, Bankruptcy, Traffic, Criminal

Status: Licensed: 17 Years

CONTACT

5624 W 79Th St, Oak Lawn, IL 60459

Berry Tucker

Bankruptcy, Divorce & Family Law, Accident & Injury

Status: Licensed: 54 Years

CONTACT

5210 95th St., Oak Lawn, IL 60453

Dionna P. Reynolds

Divorce & Family Law, Transactions, Bankruptcy

Status: Licensed: 16 Years

CONTACT

9723 Southwest Highway, Oak Lawn, IL 60453

Martin Doorhy

Condominiums, Civil Rights, Transactions, Bankruptcy, Real Estate

Status:

CONTACT

Bridgeview, IL 60455

Damita Gail Buffington

Real Estate, Family Law, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 31 Years

CONTACT

10849 S Western Ave, Chicago, IL 60643

Alexander Nohr

Bankruptcy

Status: Licensed: 14 Years

CONTACT

11101 S. Western Avenue, Chicago, IL 60643

Thomas William Lynch

Tax, Real Estate, Business & Trade, Bankruptcy

Status:

CONTACT

9231 South Roberts Road, Hickory Hills, IL 60457

Mary Elizabeth Philipps

Collection, Securities Fraud , Government, Class Action, Credit & Debt

Status: Licensed: 38 Years

CONTACT

9760 S Roberts Rd, Palos Hills, IL 60465

800-814-6700

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LEGAL TERMS

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.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

Hometown Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Chantal Claudine Hachem

Joseph Cardinal

Amjad Abukhdeir

Berry Tucker

Dionna P. Reynolds

Martin Doorhy

Damita Gail Buffington

Alexander Nohr

Thomas William Lynch

Mary Elizabeth Philipps

TIPS

LEGAL TERMS

GUARANTOR

CREDIT REPORT

401(K) PLAN

TRUTH IN LENDING ACT (TILA)

S CORPORATION

LIEN

NONEXEMPT PROPERTY

SECURED DEBT

DISCHARGEABLE DEBTS

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