La Grange Park Bankruptcy & Debt Lawyer, Illinois, page 3

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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
1. Contact
2. Email
3. Refer
5. Visit:
6. Website
7. Profile

Russell Custer

Bankruptcy & Debt, Collection, Litigation

Status: Licensed: 49 Years

CONTACT

1900 Spring Rd, Oak Brook, IL 60523

Masaru Takiguchi

Estate Planning, Transactions, Corporate, Bankruptcy, Land Use & Zoning

Status: Licensed: 40 Years

CONTACT

1415 W 22Nd St, Oak Brook, IL 60523

Gary Paul Mcfarling

Family Law, Divorce, Divorce & Family Law, Bankruptcy

Status:

CONTACT

1701 S 1St Ave, Maywood, IL 60153

Craig Smith

Commercial Real Estate, Litigation, Civil Rights, Collection

Status: Licensed: 29 Years

CONTACT

1011 Lake St, Oak Park, IL 60301

Anna Chansomphou David

Commercial Real Estate, Civil Rights, Collection, Bankruptcy

Status: Licensed: 20 Years

CONTACT

15W030 N Frontage Rd, Willowbrook, IL 60527

Rhonda Peek

Commercial Real Estate, Landlord-Tenant, Transactions, Bankruptcy

Status: Licensed: 28 Years

CONTACT

15W030 N Frontage Rd, Willowbrook, IL 60527

James Riegel

Commercial Real Estate, Transactions, Bankruptcy

Status: Licensed: 28 Years

CONTACT

15W030 N Frontage Rd, Willowbrook, IL 60527

Joseph Circelli

Commercial Real Estate, Transactions, Bankruptcy

Status: Licensed: 32 Years

CONTACT

15W030 N Frontage Rd, Willowbrook, IL 60527

Mariclare O'connor

Commercial Real Estate, Transactions, Bankruptcy

Status: Licensed: 37 Years

CONTACT

15W030 North Frontage Road, Willowbrook, IL 60527

Gregory Moody

Commercial Real Estate, Real Estate, Transactions, Bankruptcy

Status: Licensed: 35 Years

CONTACT

15W030 North Frontage Road, Willowbrook, IL 60527

800-814-6700

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LEGAL TERMS

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.

NO-FAULT INSURANCE

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain ... (more...)

Car insurance laws that require the insurance companies of each person in an accident to pay for medical bills and lost wages of their insured, up to a certain amount, regardless of who was at fault. The effect of no-fault insurance laws is to eliminate lawsuits in small accidents. The advantage is the prompt payment of medical bills and expenses. The downsides are that the amounts paid by no-fault policies are often not enough to fully cover a person's losses and that no-fault does not compensate for pain and suffering.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

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.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

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.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

La Grange Park Bankruptcy & Debt Lawyer, Illinois, page 3

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Russell Custer

Masaru Takiguchi

Gary Paul Mcfarling

Craig Smith

Anna Chansomphou David

Rhonda Peek

James Riegel

Joseph Circelli

Mariclare O'connor

Gregory Moody

TIPS

LEGAL TERMS

LIMITED LIABILITY

NO-FAULT INSURANCE

INTEREST

NUISANCE FEES

CHAPTER 7 BANKRUPTCY

DEFINED CONTRIBUTION PLAN

WINDING UP

CHAPTER 13 PLAN

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