Will County, IL Bankruptcy Lawyers

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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Steve Beck

Bankruptcy, Divorce

Status: In Good Standing

FREE CONSULTATION

CONTACT

19250 Everett Lane, Mokena, IL 60448

Ronald D. Cummings

Real Estate, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

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121 Springfield Avenue, Joliet, IL 60435

Sara Joanna Gray

Bankruptcy & Debt, Criminal, Traffic, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 25 Years

CONTACT

1429 Plainfield Road, Joliet, IL 60435

David Siegel

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Divorce

Status: In Good Standing

FREE CONSULTATION

CONTACT

54 N. Ottawa St., Joliet, IL 60432

Mark Varboncouer

Patent, Estate Planning, Bankruptcy, Personal Injury

Status: In Good Standing

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8767 Laraway Rd, Frankfort, IL 60423

Mazyar Hedayat

Litigation, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1211 W Lakeview Ct, Romeoville, IL 60446

John Dent

Real Estate, Divorce & Family Law, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

1000 S Hamilton St, Lockport, IL 60441

Firas Abunada

Divorce & Family Law, Bankruptcy, Traffic, Foreclosure, Divorce

Status: In Good Standing

CONTACT

1861 Black Road, Joliet, IL 60435

Mazyar Malek Hedayat

Litigation, Estate Planning, Family Law, Bankruptcy

Status: In Good Standing

CONTACT

1211 W Lakeview Ct, Romeoville, IL 60446

Patrick A Meszaros

Real Estate, Bankruptcy, Bankruptcy & Debt, Accident & Injury

Status: In Good Standing Licensed: 27 Years

CONTACT

1100 W Jefferson St, Joliet, IL 60435

800-923-0641

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LEGAL TERMS

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

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.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

TOXIC TORT

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and su... (more...)

A personal injury caused by exposure to a toxic substance, such as asbestos or hazardous waste. Victims can sue for medical expenses, lost wages and pain and suffering.

CREDIT FILE

See credit report.

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.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.

SAMPLE LEGAL CASES

Economy Fire & Cas. Co. v. Brumfield

... Appellees and Cross-Appellants, v. Hollis L. BRUMFIELD, Defendant and Counterplaintiff- Appellant and Cross-Appellee, and Michael J. Drewes; Constance Drewes; Beau Drewes; Zachary Fitzpatrick; Dan Fitzpatrick; Cindy Fitzpatrick; Steve Miller, Trustee in Bankruptcy for the ...

Seip v. Rogers Raw Materials Fund, LP

... Upon learning this, Beeland immediately sought to have the assets transferred either to Refco, LLC, or back to the original brokerage accounts. D. Refco Bankruptcy and the Special Redemption Letter. ... (2006)). Refco, LLC, filed for bankruptcy as well in November 2005. ...

Giannini v. Kumho Tire USA, Inc.

... While there are no Illinois cases addressing the stay granted in Rule 306, Garbe Iron Works held that the two-year statute of limitations for filing a mechanics' lien foreclosure was tolled by the automatic stay provision contained in the Federal Bankruptcy Act (11 USC Â§ 362(a)(1 ...

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Will County, IL Bankruptcy Lawyers

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Steve Beck

Ronald D. Cummings

Sara Joanna Gray

David Siegel

Mark Varboncouer

Mazyar Hedayat

John Dent

Firas Abunada

Mazyar Malek Hedayat

Patrick A Meszaros

TIPS

LEGAL TERMS

REDEMPTION

CURRENT MONTHLY INCOME

CREDIT COUNSELING

IRS EXPENSES

TOXIC TORT

CREDIT FILE

ADMINISTRATIVE EXPENSES

DISCHARGEABLE DEBTS

LIMITED PARTNERSHIP

SAMPLE LEGAL CASES

Economy Fire & Cas. Co. v. Brumfield

Seip v. Rogers Raw Materials Fund, LP

Giannini v. Kumho Tire USA, Inc.

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