Monroe County, IL Bankruptcy & Debt Lawyers, page 2

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Patrick Jones
About | Practice Areas
PMJ PLLC
100 S State St Chicago, IL 60603» view map
Bankruptcy & Debt
Working Relentlessly For You

Patrick is the Founder of PMJ PLLC and has more than 20 years of experience.

800-901-4721
1. Patrick Jones Chicago, IL
  Attorney at Law- IL
  DePaul University College of Law, J.D. 1999
2. AboutPMJ PLLC
  Working Relentlessly For You
3. Practice AreasExpertise
  Bankruptcy & Debt
1. Contact
2. Email
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Not enough matches for Monroe Bankruptcy & Debt lawyer.
Below are all Monroe lawyers.

Jack Strellis

Nursing Home, Products Liability, Personal Injury, Medical Malpractice

Status: In Good Standing Licensed: 53 Years

CONTACT

115 E Mill St, Waterloo, IL 62298

Natalie Sager

Municipal, Government, Workers' Compensation, Employee Rights, Transactions

Status: In Good Standing Licensed: 13 Years

CONTACT

252 Southwoods Center, Columbia, IL 62236

Alan Edmund Stumpf

Real Estate, Estate Planning, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 48 Years

CONTACT

222 S Main St, Columbia, IL 62236

Alan Stumpf

Commercial Real Estate, Estate Planning, Family Law, Elder Law

Status: In Good Standing Licensed: 48 Years

CONTACT

222 S Main St, Columbia, IL 62236

Mary Elizabeth Buettner

Power of Attorney, Commercial Real Estate, Estate Planning, Corporate

Status: In Good Standing Licensed: 37 Years

CONTACT

836 N Market St, Waterloo, IL 62298

Cynthia Hermann

Divorce & Family Law, Criminal, Traffic

Status: In Good Standing Licensed: 13 Years

CONTACT

111 S Main Street, Waterloo, IL 62298

Dennis Field

Nursing Home, Products Liability, Personal Injury, Medical Malpractice

Status: In Good Standing Licensed: 38 Years

CONTACT

115 E Mill St, Waterloo, IL 62298

John Huetsch

Federal Appellate Practice, Estate Planning, Transactions, Business & Trade

Status: In Good Standing Licensed: 48 Years

CONTACT

Waterloo, IL 62298

Mark Scoggins

DUI-DWI, Traffic, Motor Vehicle

Status: In Good Standing

CONTACT

121 W Legion Ave, Columbia, IL 62236

Darren Edward Daley

Lawsuit & Dispute, Health Care, Personal Injury, Accident & Injury

Status: In Good Standing Licensed: 35 Years

CONTACT

23 Fieldcrest Drive, Columbia, IL 62236

800-923-0641

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LEGAL TERMS

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

CHAPTER 13 BANKRUPTCY

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your inc... (more...)

The reorganization bankruptcy for consumers, in which you partially or fully repay your debts. In Chapter 13 bankruptcy, you keep your property and use your income to pay all or a portion of the debts over three to five years. The minimum amount you must pay is roughly equal to the value of your nonexempt property. In addition, you must pledge your disposable net income -- after subtracting reasonable expenses -- for the period during which you are making payments. At the end of the three-to five-year period, the balance of what you owe on most debts is erased.

CREDIT REPORT

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you m... (more...)

An account of your credit history, prepared by a credit bureau. A credit report will contain both credit history, such as what you owe to whom and whether you make the payments on time, as well as personal history, such as your former addresses, employment record and lawsuits in which you have been involved. An estimated 50% of all credit reports contain errors, such as accounts that don't belong to you, an incorrect account status or information reported that is older than seven years (ten years in the case of a bankruptcy).

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

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.

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.

HOUSEHOLDER

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a ho... (more...)

A person who supports and maintains a household, with or without other people. In bankruptcy law, a householder, housekeeper or head of household can claim a homestead exemption and possibly other exemptions relating to the maintenance of the household.

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.

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.

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Monroe County, IL Bankruptcy & Debt Lawyers, page 2

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Jack Strellis

Natalie Sager

Alan Edmund Stumpf

Alan Stumpf

Mary Elizabeth Buettner

Cynthia Hermann

Dennis Field

John Huetsch

Mark Scoggins

Darren Edward Daley

TIPS

LEGAL TERMS

SETOFF

CHAPTER 13 BANKRUPTCY

CREDIT REPORT

S CORPORATION

REPOSSESSION

FRAUDULENT TRANSFER

HOUSEHOLDER

LIMITED LIABILITY

PRIORITY DEBT

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