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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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Jigar K. Patel

Bankruptcy, Personal Injury, Estate Planning, Litigation

Status: In Good Standing

CONTACT

10560 W. Cermak Rd., Westchester, IL 60154

Jigar Patel

Immigration, Divorce & Family Law, Bankruptcy, Business & Trade

Status: In Good Standing

CONTACT

10560 W. Cermak Rd., Westchester, IL 60154

Scott Thomas Zale

Commercial Real Estate, Transactions, Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

700 Commerce Drive, Oak Brook, IL 60523

Scott Zale

Commercial Real Estate, Transactions, Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

700 Commerce Drive, Oak Brook, IL 60523

John M. Drews

Construction, Corporate, Contract, Bankruptcy

Status: In Good Standing Licensed: 32 Years

CONTACT

700 Commerce Dr, Hinsdale, IL 60523

Cameron Hohlweck Goodman

Divorce & Family Law, Collection, Family Law

Status: In Good Standing

CONTACT

700 Commerce Dr, Hinsdale, IL 60523

Austin Joshua Pollak

Bankruptcy

Status: In Good Standing Licensed: 10 Years

CONTACT

700 Commerce Drive, Oak Brook, IL 60523

Joseph Anthony Serpico

Divorce, DUI-DWI, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 46 Years

CONTACT

10525 West Cermak Road, Westchester, IL 60154

Joseph Serpico

Divorce, DUI-DWI, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 46 Years

CONTACT

10525 West Cermak Road, Westchester, IL 60154

Randall Bruce Hribal

Workers' Compensation, Civil Rights, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 32 Years

CONTACT

10500 West Cermak Road, Westchester, IL 60154

800-923-0641

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LEGAL TERMS

FCBA

See Fair Credit Billing Act.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

UNSECURED DEBT

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only reme... (more...)

A debt that is not tied to any item of property. A creditor doesn't have the right to grab property to satisfy the debt if you default. The creditor's only remedy is to sue you and get a judgment. Compare secured debt.

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

UNDUE HARDSHIP

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in t... (more...)

The circumstances in which a debtor may discharge a student loan in bankruptcy. For example, a debtor who has no income and little chance of earning enough in the future to pay off the loan may be able to show that repayment would be an undue hardship.

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).

CREDIT FILE

See credit report.

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.

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Berkeley Bankruptcy & Debt Lawyer, Illinois, page 5

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Jigar K. Patel

Jigar Patel

Scott Thomas Zale

Scott Zale

John M. Drews

Cameron Hohlweck Goodman

Austin Joshua Pollak

Joseph Anthony Serpico

Joseph Serpico

Randall Bruce Hribal

TIPS

LEGAL TERMS

FCBA

CHAPTER 13 PLAN

BULK SALES LAW

UNSECURED DEBT

FORBEARANCE

UNDUE HARDSHIP

CREDIT REPORT

CREDIT FILE

LIMITED LIABILITY

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