Evanston Bankruptcy & Debt Lawyer, Illinois

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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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David N Byer

Landlord-Tenant, Divorce & Family Law, Bankruptcy & Debt, Personal Injury

Status: Licensed: 18 Years

FREE CONSULTATION

CONTACT

1780 Maple Street, Northfield, IL 60093

Barbara Decoster

Estate, Transactions, Collection, Products Liability

Status: Licensed: 47 Years

CONTACT

1620 Cleveland Street, Evanston, IL 60202

Ben Leo Schneider

Consumer Bankruptcy, Commercial Bankruptcy, Bankruptcy

Status:

CONTACT

8424 Blvd, Skokie, IL 60077

Stuart Lloyd Swanson

Bankruptcy, Bankruptcy & Debt

Status: Licensed: 20 Years

CONTACT

4131 Main St, Skokie, IL 60076

Richard Gilbaugh

Tax, Bankruptcy, International Tax

Status: Licensed: 13 Years

CONTACT

717 Ridge Rd, Wilmette, IL 60091

Jeffrey Strange

Business, Collection, Bankruptcy, Bankruptcy & Debt

Status: Licensed: 47 Years

CONTACT

717 Ridge Road, Wilmette, IL 60091

Philip Novak

Business, Contract, Collection, Health Care, Litigation

Status: Licensed: 19 Years

CONTACT

7366 N Lincoln Road, Lincolnwood, IL 60712

Roger H. Simon

Federal Appellate Practice, Civil Rights, Transactions, Bankruptcy

Status: Licensed: 55 Years

CONTACT

936 Asbury Avenue, Evanston, IL 60202

Scott Schanks

Bankruptcy, Civil Rights, Personal Injury

Status: Licensed: 35 Years

CONTACT

5329 N St Louis Ave, Chicago, IL 60625

Thomas Christopher Judge

Dispute Resolution, Securities, Corporate, Commercial Bankruptcy

Status: Licensed: 42 Years

CONTACT

1933 Church St, Evanston, IL 60201

800-923-0641

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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.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

GUARANTOR

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. T... (more...)

A person who makes a legally binding promise to either pay another person's debt or perform another person's duty if that person defaults or fails to perform. The guarantor gives a 'guaranty,' which is an assurance that the debt or other obligation will be fulfilled.

PRIORITY DEBT

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13... (more...)

A type of debt that is paid first if there are distributions made from the bankruptcy estate in a Chapter 7 bankruptcy, and must be paid in full in a Chapter 13 bankruptcy. Priority debts include alimony and child support, fees owed to the trustee and the attorney in the bankruptcy case, and wages owed to employees.

CCCS

See Consumer Credit Counseling Service.

GRACE PERIOD

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you h... (more...)

A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

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.

Evanston Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

David N Byer

Barbara Decoster

Ben Leo Schneider

Stuart Lloyd Swanson

Richard Gilbaugh

Jeffrey Strange

Philip Novak

Roger H. Simon

Scott Schanks

Thomas Christopher Judge

TIPS

LEGAL TERMS

PRESUMED ABUSE

LIQUIDATING PARTNER

GUARANTOR

PRIORITY DEBT

CCCS

GRACE PERIOD

CREDITOR

LIMITED PARTNERSHIP

FDCPA

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