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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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Michael T. Nigro

Commercial Real Estate, Transactions, Business, Collection

Status:

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1 Tiffany Pointe, Bloomingdale, IL 60108

Mark Gryska

Landlord-Tenant, Workers' Compensation, Collection, Personal Injury

Status: Licensed: 40 Years

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1 Tiffany Pt, Bloomingdale, IL 60108

John Zinke

Bankruptcy, Collection, Transactions, Land Use & Zoning, Commercial Real Estate

Status: Licensed: 35 Years

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Carol Stream, IL 60188

Jeffrey Robert Kivetz

Lawsuit & Dispute, Employment, Collection, Accident & Injury

Status: Licensed: 20 Years

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550 E Devon Ave, Itasca, IL 60143

Dennis Roger Torii

Trusts, Child Custody, Criminal, Collection

Status: Licensed: 54 Years

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Medinah, IL 60157

Bruce Dopke

Litigation, Collection, Bankruptcy

Status: Licensed: 45 Years

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1535 West Schaumburg Road, Schaumburg, IL 60194

Stephen John Haszto

Collection, Collection

Status: Licensed: 41 Years

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1299 Zurich Way, Schaumburg, IL 60196

Kyle Devin Sellett

Collection, Family Law

Status: Licensed: 10 Years

CONTACT

1515 E Woodfield Rd, Schaumburg, IL 60173

John Pucin

Immigration, Wrongful Termination, Children's Rights, Collection

Status: Licensed: 33 Years

CONTACT

1699 East Woodfield Road, Schaumburg, IL 60173

Thomas Lageotakes

Tax, Elder Law, Business & Trade, Collection

Status: Licensed: 26 Years

CONTACT

1699 E Woodfield Rd, Schaumburg, IL 60173

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LEGAL TERMS

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.

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.

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.

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.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

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.

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.

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.

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Roselle Collection Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Michael T. Nigro

Mark Gryska

John Zinke

Jeffrey Robert Kivetz

Dennis Roger Torii

Bruce Dopke

Stephen John Haszto

Kyle Devin Sellett

John Pucin

Thomas Lageotakes

TIPS

LEGAL TERMS

ABUSE

LIMITED LIABILITY

NUISANCE FEES

S CORPORATION

DISPOSABLE INCOME

CREDIT BUREAU

UNSECURED DEBT

GUARANTOR

UNDUE HARDSHIP

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