Williamsfield Bankruptcy & Debt Lawyer, Illinois

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Colby Hathaway

Divorce & Family Law, Bankruptcy, Workers' Compensation
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  14 Years

Anthony Vaupel

Divorce & Family Law, Bankruptcy, Estate Planning, DUI-DWI
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Chad Mathew Long

Litigation, Trusts, Estate Planning, Collection
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Cyril Butts

Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  46 Years

Pamela S. Wilcox

Consumer Bankruptcy, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  36 Years

Christopher Kanthak

Government, Criminal, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  45 Years

D. Robert. Lindstrom

Banking & Finance, Bankruptcy, Business & Trade, Litigation
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  51 Years

John Michael Hanlon

Divorce & Family Law, Bankruptcy, Civil Rights, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  49 Years

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

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.

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.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)
An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)
A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

CCCS

See Consumer Credit Counseling Service.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)
These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

COSIGNER

A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for t... (more...)
A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.

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.

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