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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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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Thomas William Lynch

Tax, Real Estate, Business & Trade, Bankruptcy

Status: In Good Standing

CONTACT

9231 South Roberts Road, Hickory Hills, IL 60457

Christine Rosemary Piesiecki

Commercial Real Estate, Criminal, Transactions, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

9800 Roberts Road, Palos Hills, IL 60465

Christine Piesiecki

Commercial Real Estate, Criminal, Transactions, Bankruptcy

Status: In Good Standing Licensed: 38 Years

CONTACT

9800 Roberts Road, Palos Hills, IL 60465

Martin Doorhy

Condominiums, Civil Rights, Transactions, Bankruptcy

Status: In Good Standing

CONTACT

Bridgeview, IL 60455

Martin Doorhy

Condominiums, Civil Rights, Transactions, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

Bridgeview, IL 60455

Dionna P. Reynolds

Divorce & Family Law, Transactions, Bankruptcy

Status: In Good Standing Licensed: 15 Years

CONTACT

9723 Southwest Highway, Oak Lawn, IL 60453

Michelle Marie Morrone

Real Estate, Estate Planning, Estate, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

12820 S Ridgeland Ave, Palos Heights, IL 60463

Michelle Morrone

Real Estate, Estate Planning, Estate, Bankruptcy

Status: In Good Standing Licensed: 20 Years

CONTACT

12820 S Ridgeland Ave, Palos Heights, IL 60463

Amjad Abukhdeir

Trade Associations, Bankruptcy, Traffic, Criminal

Status: In Good Standing Licensed: 15 Years

CONTACT

5624 W 79Th St, Oak Lawn, IL 60459

Berry Tucker

Bankruptcy, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 53 Years

CONTACT

5210 95th St., Oak Lawn, IL 60453

800-923-0641

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LEGAL TERMS

FORBEARANCE

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily ... (more...)

Voluntarily refraining from doing something, such as asserting a legal right. For example, a creditor may forbear on its right to collect a debt by temporarily postponing or reducing the borrower's payments.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

FAIR CREDIT BILLING ACT (FCBA)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days af... (more...)

A federal law that gives you rights when an error occurs on your credit card statement. You must notify the credit card company of the mistake within 60 days after it mailed the bill to you. The company must then correct the mistake, or at least acknowledge receipt of your letter within 30 days, and must correct the error within 90 days or explain why it believes the credit card statement is correct.

REDEMPTION

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump s... (more...)

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

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.

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 LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

CREDITOR

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

SAMPLE LEGAL CASES

Economy Fire & Cas. Co. v. Brumfield

... Appellees and Cross-Appellants, v. Hollis L. BRUMFIELD, Defendant and Counterplaintiff- Appellant and Cross-Appellee, and Michael J. Drewes; Constance Drewes; Beau Drewes; Zachary Fitzpatrick; Dan Fitzpatrick; Cindy Fitzpatrick; Steve Miller, Trustee in Bankruptcy for the ...

Seip v. Rogers Raw Materials Fund, LP

... Upon learning this, Beeland immediately sought to have the assets transferred either to Refco, LLC, or back to the original brokerage accounts. D. Refco Bankruptcy and the Special Redemption Letter. ... (2006)). Refco, LLC, filed for bankruptcy as well in November 2005. ...

Giannini v. Kumho Tire USA, Inc.

... While there are no Illinois cases addressing the stay granted in Rule 306, Garbe Iron Works held that the two-year statute of limitations for filing a mechanics' lien foreclosure was tolled by the automatic stay provision contained in the Federal Bankruptcy Act (11 USC Â§ 362(a)(1 ...

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Palos Hills Bankruptcy Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Thomas William Lynch

Christine Rosemary Piesiecki

Christine Piesiecki

Martin Doorhy

Martin Doorhy

Dionna P. Reynolds

Michelle Marie Morrone

Michelle Morrone

Amjad Abukhdeir

Berry Tucker

TIPS

LEGAL TERMS

FORBEARANCE

WINDING UP

FAIR CREDIT BILLING ACT (FCBA)

REDEMPTION

GENERAL PARTNER

PRESUMED ABUSE

FAIR LABOR STANDARDS ACT (FLSA)

CREDIT INSURANCE

CREDITOR

SAMPLE LEGAL CASES

Economy Fire & Cas. Co. v. Brumfield

Seip v. Rogers Raw Materials Fund, LP

Giannini v. Kumho Tire USA, Inc.

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