Illinois Bankruptcy & Debt Lawyer List

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Herbert Hoover Franks Lawyer
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Herbert Hoover Franks
is a Top Attorney Award winner at Attorney.com. Only 5% have the elite qualifications. Click the badge for more info.

Herbert Hoover Franks

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Herbert Hoover Franks is a Top Attorney Award winner at Attorney.com. Only 5% have the elite qualifications. Click the badge for more info.
VERIFIED
Marengo Bankruptcy & Debt Lawyer

Herb Franks grew up on a dairy farm in Marengo, Illinois. And as a young man working early and long hours milking cows, he knew he wanted more out of ... (more)

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CONTACT

815-923-2107

Robert  Schaller Lawyer

Robert Schaller

VERIFIED
Oak Brook Bankruptcy & Debt Lawyer
WILLS, TRUSTS, PROBATE & TAX ATTORNEY & REGISTERED CPA | EXPECT THE BEST | 37+ YEARS OF EXPERIENCE

Attorney Robert Schaller treats every client like family, giving them the time and personal attention they deserve. The law firm offers both in-office... (more)

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CONTACT

630-655-1233

Howard  Peritz Lawyer

Howard Peritz

VERIFIED
Northbrook Bankruptcy & Debt Lawyer

Howard Peritz is an attorney with experience as a sole proprietor, insurance industry corporate counsel, managing attorney and a senior associate in C... (more)

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CONTACT

847-562-5880

John Harold Redfield Lawyer

John Harold Redfield

VERIFIED
Chicago Bankruptcy & Debt Lawyer

Chicago Bankruptcy Attorney John Redfield has more than 40 years of experience in bankruptcy law. He holds his Masters of Law in taxation and is a cer... (more)

Steven H. Mevorah Lawyer

Steven H. Mevorah

VERIFIED
Lombard Bankruptcy & Debt Lawyer

Steven H. Mevorah is the founder of Mevorah & Giglio Law Offices and began his practice in 1979. Mr. Mevorah brings significant experience to bear in ... (more)

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CONTACT

630-932-9100

Thomas  Laye Lawyer

Thomas Laye

VERIFIED
Rockford Bankruptcy & Debt Lawyer

Thomas was born and raised in Cherry Valley, Illinois. He attended Western Illinois University where he received his Bachelor’s in Law Enforcement a... (more)

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CONTACT

815-962-0044

Jay  Howd Lawyer

Jay Howd

VERIFIED
Marion Bankruptcy & Debt Lawyer
Your First Step to a Fresh Start

Jay B. Howd was born and raised in LaHarpe, Illinois, a small farm community in west-central Illinois. Jay graduated valedictorian of his LaHarpe high... (more)

FREE CONSULTATION 

CONTACT

618-993-1300

John J. Lynch Lawyer

John J. Lynch

VERIFIED
Lisle Bankruptcy & Debt Lawyer

Over 50 Years of Combined Legal Experience! Experienced Illinois Bankruptcy Law AttorneysAre your financial problems forcing you to consider bankru... (more)

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CONTACT

800-952-9511

Colleen  Thomas Lawyer

Colleen Thomas

Carpentersville Bankruptcy & Debt Lawyer

Thomas Law Office is a family law practice that handles divorce and bankruptcy cases, as well as child custody, child support, adoptions and more. For... (more)

Robert J. Tomei Lawyer

Robert J. Tomei

VERIFIED
Libertyville Bankruptcy & Debt Lawyer

Robert is a lifetime Lake County resident, born in Libertyville, Illinois, and raised in the neighboring Village of Gurnee. Robert attended Warren Tow... (more)

FREE CONSULTATION 

CONTACT

847-549-0600

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LEGAL TERMS

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.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)
The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

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.

FDCPA

See Fair Debt Collections & Practices Act.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)
A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily fu... (more...)
A national non-profit agency that, at no cost, helps debtors plan budgets and repay their debts. One major criticism of CCCS is that each office is primarily funded by voluntary donations from the creditors that receive payments from debtors repaying their debts through that office. Despite this criticism, most CCCS counselors provide clients with thorough and neutral advice.

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.