Markham 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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Gregory Mitchell

Bankruptcy, Civil Rights, Federal Appellate Practice, Personal Injury

Status: In Good Standing Licensed: 39 Years

CONTACT

16901 S Dixie Highway, Hazel Crest, IL 60429

Edward J. Burt

Estate Planning, Divorce & Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 51 Years

CONTACT

5320 W 159Th St, Oak Forest, IL 60452

Edward Burt

Estate Planning, Divorce & Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 51 Years

CONTACT

5320 W 159Th St, Oak Forest, IL 60452

Michael Bohdan Dedio

Family Law, Divorce, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

15601 S Cicero Ave, Oak Forest, IL 60452

Michael Dedio

Family Law, Divorce, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 35 Years

CONTACT

15601 S Cicero Ave, Oak Forest, IL 60452

Cheryl Catherine Zeleznak

Estate Planning, Divorce & Family Law, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 57 Years

CONTACT

5320 159Th St, Oak Forest, IL 60452

Theresa M. Long

Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 38 Years

CONTACT

2056 Ridge Road, Homewood, IL 60430

Connie J. Lambert

Corporate, Collection, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 35 Years

CONTACT

716 Park Dr, Flossmoor, IL 60422

Angelo Vitiritti

Divorce & Family Law, Criminal, Bankruptcy, Estate Planning

Status: In Good Standing Licensed: 34 Years

CONTACT

16231 Wausau Ave, South Holland, IL 60473

Angelo J. Vitiritti

Bankruptcy, Estate Planning, Transactions, Criminal

Status: In Good Standing Licensed: 34 Years

CONTACT

16231 Wausau Ave, South Holland, IL 60473

800-923-0641

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LEGAL TERMS

REAFFIRMATION

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing deb... (more...)

An agreement that a debtor and a creditor enter into after a debtor has filed for bankruptcy, in which the debtor agrees to repay all or part of an existing debt after the bankruptcy case is over. For instance, a debtor might make a reaffirmation agreement with the holder of a car note that the debtor can keep the car and must continue to pay the debt after bankruptcy.

NONEXEMPT PROPERTY

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typicall... (more...)

The property you risk losing to your creditors when you file a Chapter 7 bankruptcy or when a creditor sues you and wins a judgment. Nonexempt property typically includes valuable clothing (furs) and electronic equipment, an expensive car that's been paid off and most of the equity in your house. Compare exempt property.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

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.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

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.

LIABILITY

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pi... (more...)

(1) The state of being liable--that is, legally responsible for an act or omission. Example:Peri hires Paul to fix a broken pipe in her bathroom, but the new pipe bursts the day after Paul installs it, ruining the bathroom floor. This raises the issue of liability: Who is responsible for the damage? Peri claims that Paul is responsible, and sues him for the cost of hiring another plumber to fix the pipe and replacing the floor. Paul, in turn, claims that the pipe manufacturer is responsible, because they supplied him with faulty materials. Both Peri and Paul must prove their claims in court; if Paul and/or the manufacturer is found liable, one or both will have to pay damages to Peri. (2) Something for which a person is liable. For example, a debt is often called a liability.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

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Markham Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Gregory Mitchell

Edward J. Burt

Edward Burt

Michael Bohdan Dedio

Michael Dedio

Cheryl Catherine Zeleznak

Theresa M. Long

Connie J. Lambert

Angelo Vitiritti

Angelo J. Vitiritti

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LEGAL TERMS

REAFFIRMATION

NONEXEMPT PROPERTY

COLLECTION AGENCY

GRACE PERIOD

TRADE NAME

GARNISHMENT

LIABILITY

MEETING OF CREDITORS

ACCORD AND SATISFACTION

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