Bensenville Reorganization 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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Gary Irwin Walt

Real Estate, Securities, Corporate, Reorganization

Status: In Good Standing

CONTACT

150 South Wacker Drive, Chicago, IL 60606

Gary Walt

Securities, Corporate, Reorganization, Real Estate

Status: In Good Standing

CONTACT

150 South Wacker Drive, Chicago, IL 60606

Gregory Eugene Spitzer

Sales & Use Tax, Merger & Acquisition, Transactions, Reorganization

Status: In Good Standing Licensed: 36 Years

CONTACT

191 N. Wacker Drive, Chicago, IL 60606

Gregory Spitzer

Sales & Use Tax, Merger & Acquisition, Transactions, Reorganization

Status: In Good Standing Licensed: 36 Years

CONTACT

191 N. Wacker Drive, Chicago, IL 60606

Bruce C. Scalambrino

Litigation, Corporate, Reorganization, Bankruptcy

Status: In Good Standing Licensed: 39 Years

CONTACT

One North Lasalle Street, Chicago, IL 60602

Brian L. Shaw

Litigation, Corporate, Reorganization, Bankruptcy

Status: In Good Standing

CONTACT

321 North Clark Street, Chicago, IL 60654

Jay S. Geller

Litigation, Workout, Reorganization, Commercial Bankruptcy

Status: In Good Standing

CONTACT

321 N. Clark Street, Chicago, IL 60654

Andrea Leigh Johnson Frost

Bankruptcy, Reorganization, Credit & Debt

Status: In Good Standing Licensed: 20 Years

CONTACT

Three First National Plaza 70 West Madison Street, Chicago, IL 60602

Michael Nathan Fine

Insurance, Life & Health, Cogeneration, Reorganization

Status: In Good Standing Licensed: 19 Years

CONTACT

227 West Monroe Street, Chicago, IL 60606

800-923-0641

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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.

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.

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

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.

DEBIT CARD

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can ... (more...)

A card issued by a bank that combines the functions of an ATM card and checks. A debit card can be used to withdraw cash at a bank like an ATM card, and it can also be used at stores to pay for goods and services in place of a check. Unlike a credit card, a debit card automatically withdraws money from your checking account at the time of the transaction. Debit cards are regulated by the Electronic Funds Transfer Act.

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.

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.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

BANKRUPTCY

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are ... (more...)

A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts. There are two types of bankruptcies -- liquidation, in which your debts are wiped out (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts. For both consumers and business, liquidation bankruptcy is called Chapter 7. For consumers, reorganization bankruptcy is called Chapter 13. Reorganization bankruptcy for consumers with an extraordinary amount of debt and for businesses is called Chapter 11. Reorganization bankruptcy for family farmers is called Chapter 12.

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Bensenville Reorganization Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Gary Irwin Walt

Gary Walt

Gregory Eugene Spitzer

Gregory Spitzer

Bruce C. Scalambrino

Brian L. Shaw

Jay S. Geller

Andrea Leigh Johnson Frost

Michael Nathan Fine

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

CREDIT COUNSELING

REAFFIRMATION

ADMINISTRATIVE EXPENSES

DEBIT CARD

SECURED DEBT

PROCEEDS FOR DAMAGED EXEMPT PROPERTY

PRIORITY DEBT

BANKRUPTCY

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