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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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Kurt Hurtgen

Farms, Family Law, Divorce, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

7225 Longmeadow Lane, Hanover Park, IL 60133

Kurt Hurtgen

Real Estate, Divorce & Family Law, Corporate, Bankruptcy

Status: In Good Standing Licensed: 30 Years

CONTACT

7225 Longmeadow Lane, Hanover Park, IL 60133

Michael Allen Danforth

Divorce, DUI-DWI, Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 24 Years

CONTACT

2300 Barrington Road, Hoffman Estates, IL 60169

Michael Danforth

Bankruptcy, Medical Malpractice, DUI-DWI, Divorce

Status: In Good Standing Licensed: 24 Years

CONTACT

2300 Barrington Road, Hoffman Estates, IL 60169

James Engel

Commercial Real Estate, Real Estate, Transactions, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

2071 Irving Park Rd, Bartlett, IL 60133

James Engel

Commercial Real Estate, Real Estate, Transactions, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

2071 Irving Park Rd, Bartlett, IL 60133

Bruce Charles Dopke

Litigation, Collection, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

1535 West Schaumburg Road, Schaumburg, IL 60194

Bruce Dopke

Litigation, Collection, Bankruptcy

Status: In Good Standing Licensed: 44 Years

CONTACT

1535 West Schaumburg Road, Schaumburg, IL 60194

Edward Charles Pacilli

Divorce, Criminal, Transactions, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

1060 Lake St, Bartlett, IL 60133

Edward Pacilli

Divorce, Criminal, Transactions, Bankruptcy

Status: In Good Standing Licensed: 34 Years

CONTACT

1060 Lake St, Bartlett, IL 60133

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LEGAL TERMS

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

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.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

REPOSSESSION

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and ... (more...)

A creditor's taking property that has been pledged as collateral for a loan. Lenders will most often repossess cars when the owner has missed loan payments and has not attempted to work with the lender to resolve the problem. A repossessor can't use force to get at your car, but he can legally hot-wire it and even drive it out of your unlocked garage.

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.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

Streamwood Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Kurt Hurtgen

Kurt Hurtgen

Michael Allen Danforth

Michael Danforth

James Engel

James Engel

Bruce Charles Dopke

Bruce Dopke

Edward Charles Pacilli

Edward Pacilli

TIPS

LEGAL TERMS

ADMINISTRATIVE EXPENSES

BULK SALES LAW

CHAPTER 13 PLAN

REDEMPTION

REPOSSESSION

NONEXEMPT PROPERTY

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

CREDIT COUNSELING

CREDITOR

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