Chicago Bankruptcy & Debt Lawyer, Illinois, page 2

Sponsored Law Firm

x
Click For More Info:

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
3. Refer
5. Visit:
6. Website
7. Profile

Steven H. Mevorah

✓ VERIFIED

Divorce & Family Law, Immigration, Personal Injury, Criminal, Bankruptcy

Steven H. Mevorah is the founder of Mevorah & Giglio Law Offices and began his practice in 1979. Mr. Mevorah brings significant experience to bear in ... (more)

FREE CONSULTATION

CONTACT

630-932-9100

900 E. Roosevelt Rd., Lombard, IL 60148

Howard Peritz

✓ VERIFIED

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

Howard Peritz is an attorney with experience as a sole proprietor, insurance industry corporate counsel, managing attorney and a senior associate in C... (more)

FREE CONSULTATION

CONTACT

847-665-1648

5 Revere Drive, Northbrook, IL 60062

Robert Schaller

✓ VERIFIED

Estate, Real Estate, Bankruptcy & Debt, Lawsuit & Dispute

WILLS, TRUSTS, PROBATE & TAX ATTORNEY & REGISTERED CPA | EXPECT THE BEST | 37+ YEARS OF EXPERIENCE

Attorney Robert Schaller treats every client like family, giving them the time and personal attention they deserve. The law firm offers both in-office... (more)

FREE CONSULTATION

CONTACT

630-655-1233

700 Commerce Drive, Oak Brook, IL 60523

Sarah J. Holbrook

Bankruptcy, Foreclosure

Status: In Good Standing

CONTACT

2413 W. Algonquin Rd., Algonquin, IL 60102

Howard L. Teplinsky

Dispute Resolution, Arbitration, Bankruptcy, Bankruptcy Litigation

Status: In Good Standing

CONTACT

750 Lake Cook Rd, Buffalo Grove, IL 60089

Alfredo J. Garcia

Bankruptcy & Debt

Status: In Good Standing

FREE CONSULTATION

CONTACT

200 South Michigan Avenue, Chicago, IL 60604

James Shedden

Class Action, Corporate, Business Organization, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

332 South Michigan Avenue, Chicago, IL 60604

Michael J. Dudek

Bankruptcy, Corporate, Collection, Commercial Bankruptcy

Status: In Good Standing

CONTACT

One N. LaSalle Street, Chicago, IL 60602

Ethan L. Crooks

Corporate, Business Organization, Business Successions, Collection

Status: In Good Standing

CONTACT

55 W. Wacker Drive, Chicago, IL 60601

Rebecca D. Rosenthal

Bankruptcy, Corporate, Business Organization, Litigation

Status: In Good Standing

CONTACT

53 W Jackson Blvd., Chicago, IL 60604

800-923-0641

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

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 Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

LEGAL TERMS

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working fo... (more...)

A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors, by debt collectors working for collection agencies. The law does not apply to creditors collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission for help.

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

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.

GENERAL PARTNER

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the... (more...)

A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations. A general partner's actions can legally bind the entire business. See also partnership, limited partnership.

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.

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.

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.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

SORT BY:

FILTER BY:

Free Consultation
Male
Female
Suspended

Chicago Bankruptcy & Debt Lawyer, Illinois, page 2

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Steven H. Mevorah

Howard Peritz

Robert Schaller

Sarah J. Holbrook

Howard L. Teplinsky

Alfredo J. Garcia

James Shedden

Michael J. Dudek

Ethan L. Crooks

Rebecca D. Rosenthal

TIPS

LEGAL TERMS

PRESUMED ABUSE

FAIR DEBT COLLECTIONS & PRACTICES ACT (FDCPA)

DISPOSABLE INCOME

PREFERENCE

GENERAL PARTNER

WORKOUT

BANKRUPTCY

SOLE PROPRIETORSHIP

NUISANCE FEES

SORT BY:

FILTER BY:

PRACTICE AREAS

NEARBY CITY SUGGESTIONS

Lawyer.com Legal Protection Plan

Premium Membership

Additional Services

Resources

My Account Details