Ask A Lawyer

Tell Us Your Case Information for Fastest Lawyer Match!

Please include all relevant details from your case including where, when, and who it involoves.
Case details that can effectively describe the legal situation while also staying concise generally receive the best responses from lawyers.


By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided may not be privileged or confidential.

Chicago Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm


Vytas  Jurjonas Lawyer

Vytas Jurjonas

VERIFIED
Real Estate, Bankruptcy & Debt

Jonas Price, LLC is a firm comprised of energetic and young professionals dedicated to helping clients achieve their goals. Bringing together over 35... (more)

FREE CONSULTATION 

CONTACT

312-291-9700

J. Kevin  Benjamin Lawyer

J. Kevin Benjamin

VERIFIED
Bankruptcy & Debt, Consumer Rights, Tax, Real Estate, Lawsuit & Dispute
representation in chapter 7, 13, 11, foreclosure defense, mortgage loan workouts and restructurings

Meet The Founder And Managing Partner At Benjamin Brand, LLP - J. Kevin Benjamin, Esq. No challenge is too difficult for Attorney J. Kevin Benjamin... (more)

FREE CONSULTATION 

CONTACT

800-929-4690

Robert J. Adams Lawyer

Robert J. Adams

VERIFIED
Bankruptcy & Debt, Bankruptcy Litigation, Credit & Debt, Collection

The firm was established in 1976 in the Chicago Loop by Robert J. Adams. For over 30 years, the firm of Robert J. Adams & Associates has focused on he... (more)

Abraham  Michelson Lawyer

Abraham Michelson

VERIFIED
Bankruptcy & Debt, Foreclosure, Consumer Protection, Tax Litigation

Established in 1972, our knowledgeable legal team can advise you on your rights and options for negotiating a viable solution to your credit woes. We'... (more)

Speak with Lawyer.com
John  Haderlein Lawyer

John Haderlein

VERIFIED
Bankruptcy & Debt, Real Estate, Estate, Accident & Injury, Workers' Compensation

John Haderlein is an experienced attorney who has been licensed to practice law since 1988. He is licensed in Illinois, Wisconsin and California... (more)

FREE CONSULTATION 

CONTACT

800-978-9580

Sandra Margaret Emerson Lawyer

Sandra Margaret Emerson

VERIFIED
Real Estate, Foreclosure, Bankruptcy & Debt

Emerson Law Firm, LLC is a consumer law firm located in Oak Park, Illinois. The firm's attorneys -- Sandra M. Emerson, Matthew C. Swenson, and Richard... (more)

Asisat Yetunde Williams Lawyer

Asisat Yetunde Williams

VERIFIED
Bankruptcy & Debt, Immigration, Real Estate

Asisat Williams is a practicing lawyer in the state of Illinois.

John E. Trepel Lawyer

John E. Trepel

VERIFIED
Divorce, Custody & Visitation, Child Support, Paternity, Bankruptcy

John Trepel is a practicing attorney in Chicago, IL, who specializes in divorce & family law and bankruptcy matters. Mr. Trepel's office is conven... (more)

Free Help: Use This Form or Call 800-943-8690

Member Representative

Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided may not be privileged or confidential.


Display Sponsorship

TIPS

Lawyer.com can help you easily and quickly find Chicago Bankruptcy & Debt Lawyers and Chicago Bankruptcy & Debt Law Firms. Refine your search by specific Bankruptcy & Debt practice areas such as Bankruptcy, Collection, Credit & Debt, Reorganization and Workout matters.

LEGAL TERMS

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)
A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)
The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

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.

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.

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.

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.

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.

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.

Now Chatting...