Des Plaines Bankruptcy & Debt Lawyer, Illinois, page 5

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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
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2. Email
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Christina Scelsa

Bankruptcy & Debt

Status: In Good Standing

CONTACT

4738 N Harlem Ave, Harwood Heights, IL 60706

Allan Stasica

Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

8858 N. Wisner Street, Niles, IL 60714

Richard Cyrus Jones

Banking & Finance, Collection, Litigation, Transactions

Status: In Good Standing Licensed: 45 Years

CONTACT

206 N Derbyshire Ave, Arlington Heights, IL 60004

Richard Cyrus Jones

Banking & Finance, Litigation, Collection, Transactions

Status: In Good Standing Licensed: 45 Years

CONTACT

206 N Derbyshire Ave, Arlington Heights, IL 60004

Slava Tenenbaum

Commercial Real Estate, Litigation, Government, Bankruptcy

Status: In Good Standing Licensed: 27 Years

CONTACT

2222 Chestnut Ave, Glenview, IL 60026

Brian David Schulman

Collection, Bankruptcy & Debt

Status: In Good Standing Licensed: 32 Years

CONTACT

8755 W. Higgins, Chicago, IL 60631

Shani Jarrett

Real Estate, Litigation, Collection

Status: In Good Standing Licensed: 21 Years

CONTACT

411 East Business Center Drive, Mount Prospect, IL 60056

800-923-0641

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LEGAL TERMS

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.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

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.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

FCRA

See Fair Credit Reporting Act.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

401(K) PLAN

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income ... (more...)

A deferred compensation savings program in which employees invest part of their wages, sometimes along with employer contributions, to save on taxes. No income taxes on the amount invested and any earnings are due until the employee withdraws money from the fund.

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.

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Des Plaines Bankruptcy & Debt Lawyer, Illinois, page 5

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Christina Scelsa

Allan Stasica

Richard Cyrus Jones

Richard Cyrus Jones

Slava Tenenbaum

Brian David Schulman

Shani Jarrett

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LEGAL TERMS

GENERAL PARTNER

GARNISHMENT

WORKOUT

FRAUDULENT TRANSFER

LIMITED PARTNERSHIP

FCRA

FRATERNAL BENEFIT SOCIETY BENEFITS

401(K) PLAN

UNDUE HARDSHIP

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