Schaumburg Credit & 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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David W. Nordin

Bankruptcy, Credit & Debt, Family Law, Litigation, Estate Planning

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FREE CONSULTATION

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Naperville Executive Center, 1555 Naperville/Wheaton Rd., Naperville, IL 60563

John P. Carlin

Student Rights, Credit & Debt, Collection, Bankruptcy, Commercial Real Estate

Status: Licensed: 23 Years

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1305 Remington Rd, Schaumburg, IL 60173

Andrea Dwyer

Family Law, Insurance, Credit & Debt, Personal Injury

Status: Licensed: 17 Years

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1294 Yorkshire Ln, Bloomingdale, IL 60188

Laura Ladon Ellis

Wills, Elder Law, Credit & Debt, Bankruptcy

Status: Licensed: 27 Years

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636 South Des Plaines River Road, Des Plaines, IL 60016

Elizabeth Anne Bates Lehman

Litigation, Estate Planning, Credit & Debt, Bankruptcy

Status: Licensed: 43 Years

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300 S County Farm Rd, Wheaton, IL 60187

Ira Phil Goldberg

Trusts, Credit & Debt, Collection, Bankruptcy

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216 Higgins Road, Park Ridge, IL 60068

Richard Hirsh

Foreclosure, Bankruptcy, Business, Credit & Debt

Status: Licensed: 49 Years

FREE CONSULTATION

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1500 Eisenhower Lane, Lisle, IL 60532

Marc Lichtman

Civil Rights, Transactions, Contract, Credit & Debt

Status: Licensed: 40 Years

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1555 Eastwood Ave, Highland Park, IL 60035

Elizabeth C. Simon

Employee Rights, Civil Rights, Credit & Debt, Household Mold

Status: Licensed: 42 Years

CONTACT

234 Franklin Ave, River Forest, IL 60305

Philip J. Glick

Insurance, Credit & Debt, Household Mold, Employee Rights

Status: Licensed: 54 Years

CONTACT

One Plaza, Winnetka, IL 60093

800-814-6700

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LEGAL TERMS

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.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

DISCHARGE (OF DEBTS)

A bankruptcy court's erasure of the debts of a person or business that has filed for bankruptcy.

SAMPLE LEGAL CASES

Portfolio Acquisitions, LLC v. Feltman

... On June 28, 2005, plaintiff filed its initial complaint against defendant to collect on an alleged defaulted credit card debt. ... Plaintiff asserts that it is well entrenched in Illinois law that the statute of limitations for an action on a credit card debt is 10 years. ...

Treadway v. NATIONS CREDIT FINANCIAL SERVS.

... appeals the order of the circuit court of Madison County that dismissed his class action complaint against the defendant, Nations Credit Financial Services ... knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with ...

Laubner v. JP Morgan Chase Bank, NA

... More to the point, plaintiffs have not set forth any facts to show why $11,500 per month is not enough to sustain their respective lifestyles in a manner that is "comfortable." Plaintiffs make no allegations of debt (aside from the credit debt that trustees paid off), steep mortgage ...

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Schaumburg Credit & Debt Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

David W. Nordin

John P. Carlin

Andrea Dwyer

Laura Ladon Ellis

Elizabeth Anne Bates Lehman

Ira Phil Goldberg

Richard Hirsh

Marc Lichtman

Elizabeth C. Simon

Philip J. Glick

TIPS

LEGAL TERMS

NO-FAULT INSURANCE

ABUSE

DISCHARGEABLE DEBTS

GENERAL PARTNER

AUTOMATIC STAY

FRAUDULENT TRANSFER

WORKOUT

LIEN

DISCHARGE (OF DEBTS)

SAMPLE LEGAL CASES

Portfolio Acquisitions, LLC v. Feltman

Treadway v. NATIONS CREDIT FINANCIAL SERVS.

Laubner v. JP Morgan Chase Bank, NA

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