Table Grove Reorganization Lawyer, Illinois, page 2

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Charles K. Smith

Bankruptcy, Estate Planning, Family Law, Civil Rights
Status:  In Good Standing           Licensed:  45 Years

Charles Laegeler

Contract, Family Law, Credit & Debt, Criminal
Status:  In Good Standing           Licensed:  7 Years

Cheryl Diane Olesen

Construction, Litigation, Consumer Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  41 Years

Christopher Kanthak

Government, Criminal, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  44 Years

Christopher William Kanthak

Government, Criminal, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  44 Years

Colby Graston Hathaway

General Practice
Status:  In Good Standing           Licensed:  12 Years

Colby Hathaway

Divorce & Family Law, Bankruptcy, Workers' Compensation
Status:  In Good Standing           Licensed:  13 Years

Cyril Butts

Bankruptcy
Status:  In Good Standing           Licensed:  45 Years

Cyril William Butts

Bankruptcy
Status:  In Good Standing           Licensed:  45 Years

D. Robert. Lindstrom

Banking & Finance, Bankruptcy, Business & Trade, Litigation
Status:  In Good Standing           Licensed:  50 Years

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)
A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

CREDIT FILE

See credit report.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

FCRA

See Fair Credit Reporting Act.

FCBA

See Fair Credit Billing Act.

COLLATERAL

Property that guarantees payment of a secured debt.

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