Morgan County, IL Workout Lawyers, page 3

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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 Morgan Workout lawyer.
Below are all Morgan lawyers.

James Latrelle Mann

General Practice

Status: Inactive Licensed: 52 Years

CONTACT

5 Shenandoah Ave, Jacksonville, IL 62650

Eddie Carpenter

Federal Appellate Practice, Civil Rights, Transactions, Collection

Status: In Good Standing

CONTACT

305 W State St, Jacksonville, IL 62651

David Eckstein Goldman

Child Custody

Status: In Good Standing Licensed: 48 Years

CONTACT

Jacksonville, IL 62651

David Eugene Leefers

Traffic, DUI-DWI, Divorce, Family Law

Status: In Good Standing Licensed: 48 Years

CONTACT

210 North West Street, Jacksonville, IL 62650

Leo Francis Carroll

General Practice

Status: Suspended Licensed: 50 Years

CONTACT

Jacksonville, IL 62651

Mark Charles Westenberger

General Practice

Status: In Good Standing Licensed: 9 Years

CONTACT

103 Seven Oaks Drive, Jacksonville, IL 62650

Stanley Paul Stasiulis

Commercial Real Estate, Estate Planning, Criminal, Personal Injury

Status: In Good Standing Licensed: 50 Years

CONTACT

12 Ivywood Drive, Jacksonville, IL 62650

Gray Herndon Noll

International Other

Status: In Good Standing Licensed: 23 Years

CONTACT

300 W. State Street, Jacksonville, IL 62650

Jerry Stephan Bauer

Power of Attorney, Immigration, Health Care, Transactions

Status: In Good Standing Licensed: 12 Years

CONTACT

232 W State St, Jacksonville, IL 62650

Thomas L. Veith

General Practice

Status: Inactive Licensed: 35 Years

CONTACT

Jacksonville, IL 62650

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.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

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.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

DISCHARGE (OF DEBTS)

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

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

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.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

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.

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Morgan County, IL Workout Lawyers, page 3

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

James Latrelle Mann

Eddie Carpenter

David Eckstein Goldman

David Eugene Leefers

Leo Francis Carroll

Mark Charles Westenberger

Stanley Paul Stasiulis

Gray Herndon Noll

Jerry Stephan Bauer

Thomas L. Veith

TIPS

LEGAL TERMS

DEFINED CONTRIBUTION PLAN

SOLE PROPRIETORSHIP

WORKOUT

NONDISCHARGEABLE DEBTS

DISCHARGE (OF DEBTS)

DOING BUSINESS AS (DBA)

BANKRUPTCY

GUARANTOR

CHAPTER 13 BANKRUPTCY

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