Illinois Bankruptcy & Debt Lawyer List, page 6

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David Siegel

Bankruptcy, Divorce & Family Law, Divorce, Bankruptcy & Debt
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David Siegel

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Divorce
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

FREE CONSULTATION 

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David Siegel

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Divorce
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

FREE CONSULTATION 

CONTACT

David Siegel

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Family Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

FREE CONSULTATION 

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Jeffrey L. Soltermann

Adoption, Collection, Consumer Bankruptcy, Bankruptcy Litigation
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  31 Years

Charles J. Urban

Employment, Divorce & Family Law, Discrimination, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  36 Years

Erich S. Buck

Government, Corporate, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  25 Years

Henry B. Merens

Litigation, Corporate, Business Organization, Bankruptcy
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Jennifer L. Friedland

Alimony & Spousal Support, Adoption, Corporate, Bankruptcy Litigation, Litigation
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  19 Years

Phillip H. Hamilton

Class Action, Business Successions, Administrative Law, Bankruptcy Litigation
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  36 Years

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

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LEGAL TERMS

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.

COLLATERAL

Property that guarantees payment of a secured debt.

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.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)
A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

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.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

FDCPA

See Fair Debt Collections & Practices Act.

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.

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