Schaumburg Bankruptcy & Debt Lawyer, Illinois

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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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2. Email
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Joseph H. Sparacino

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Estate, Bankruptcy & Debt

Joseph H. Sparacino is a practicing lawyer in the state of Illinois.

CONTACT

847-259-5700

1845 E. Rand Rd. Suite 211, Arlington Heights, IL 60004

Howard L. Teplinsky

Dispute Resolution, Arbitration, Bankruptcy, Bankruptcy Litigation

Status:

CONTACT

750 Lake Cook Rd, Buffalo Grove, IL 60089

Kristine M. Kolky

Corporate, Banking & Finance, Bankruptcy Litigation, Bankruptcy

Status:

FREE CONSULTATION

CONTACT

One Pierce Place, Itasca, IL 60143

Kurt Hurtgen

Farms, Family Law, Divorce, Bankruptcy, Real Estate

Status:

FREE CONSULTATION

CONTACT

7225 Longmeadow Lane, Hanover Park, IL 60133

Nicholas V. Dizonno

Banking & Finance, Bankruptcy, Bankruptcy Litigation, Corporate

Status:

FREE CONSULTATION

CONTACT

One Pierce Place, Itasca, IL 60143

Aaron D. Rachelson

Business, Bankruptcy & Debt

Status: Licensed: 27 Years

CONTACT

1222 Hamilton Parkway, Itasca, IL 60143

Adam Bradley McCall

Land Use & Zoning, Litigation, Collection, Bankruptcy

Status: Licensed: 11 Years

CONTACT

661 Glenn Ave, Wheeling, IL 60090

Alan Philip Solow

Corporate, Banking & Finance, Commercial Bankruptcy, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

203 N La Salle St, Chicago, IL 60601

Alan Solow

Lawsuit & Dispute, Corporate, Business, Bankruptcy & Debt

Status: Licensed: 46 Years

CONTACT

203 N La Salle St, Chicago, IL 60601

Alejandro Emmanuel Figueroa

Traffic, DUI-DWI, Collection, Personal Injury

Status: Licensed: 9 Years

CONTACT

5105 Tollview Dr, Rolling Meadows, IL 60008

800-814-6700

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LEGAL TERMS

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.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

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.

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.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

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Schaumburg Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Joseph H. Sparacino

Howard L. Teplinsky

Kristine M. Kolky

Kurt Hurtgen

Nicholas V. Dizonno

Aaron D. Rachelson

Adam Bradley McCall

Alan Philip Solow

Alan Solow

Alejandro Emmanuel Figueroa

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

FORBEARANCE

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

LIMITED LIABILITY

CURRENT MONTHLY INCOME

CONSUMER CREDIT COUNSELING SERVICE (CCCS)

NONEXEMPT PROPERTY

SECURED DEBT

DEBT COLLECTOR

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