Rolling Meadows 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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Joseph H. Sparacino

✓ VERIFIED

Estate, Bankruptcy & Debt

Joseph H. Sparacino is a practicing lawyer in the state of Illinois.

CONTACT

847-259-5700

1845 E. Rand Rd. Suite 211, Arlington Heights, IL 60004

Karl H. Magnus

Residential Real Estate, Wills & Probate, Trusts, Consumer Bankruptcy

Status: In Good Standing Licensed: 26 Years

FREE CONSULTATION

CONTACT

3030 Salt Creek Ln., Arlington Heights, IL 60005

Daniel Robin

Bankruptcy & Debt

Status: In Good Standing Licensed: 48 Years

CONTACT

121 S. Wilke Road, Arlington Heights, IL 60005

Randall Alan Wolff

Personal Injury, Car Accident, Slip & Fall Accident, Divorce & Family Law, Bankruptcy

Status: In Good Standing Licensed: 40 Years

FREE CONSULTATION

CONTACT

3325 N. Arlington Heights Rd 500, Arlington Heights, IL 60004

Donald J. Cosley

Child Support, DUI-DWI, Criminal, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

1855 Rohlwing Road, Rolling Meadows, IL 60008

Timothy Wayne Brink

Bankruptcy & Debt

Status: In Good Standing Licensed: 31 Years

CONTACT

1515 E. Woodfield Road, Schaumburg, IL 60173

Lance Ziebell

Lawsuit & Dispute, Social Security -- Disability, Federal Appellate Practice, Collection

Status: In Good Standing Licensed: 17 Years

CONTACT

1933 N Meacham Rd, Schaumburg, IL 60173

Lance C Ziebell

Lawsuit & Dispute, Federal Appellate Practice, Employment, Collection

Status: In Good Standing Licensed: 17 Years

CONTACT

1933 N Meacham Rd, Schaumburg, IL 60173

Stephanie Olsson

Bankruptcy, Corporate, Constitutional Law, Consumer Bankruptcy, Contract

Status: In Good Standing Licensed: 16 Years

CONTACT

1834 Walden Office Square, Schaumburg, IL 60173

John Harold Zelenka

Adoption, Civil Rights, Contract, Collection

Status: In Good Standing Licensed: 34 Years

CONTACT

2118 Plum Grove Road, Rolling Meadows, IL 60008

800-923-0641

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LEGAL TERMS

LIEN

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortg... (more...)

The right of a secured creditor to grab a specific item of property if you don't pay a debt. Liens you agree to are called security interests, and include mortgages, home equity loans, car loans and personal loans for which you pledge property to guarantee repayment. Liens created without your consent are called nonconsensual liens, and include judgment liens (liens filed by a creditor who has sued you and obtained a judgment), tax liens and mechanics liens (liens filed by a contractor who worked on your house but wasn't paid).

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

BULK SALES LAW

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to ... (more...)

A law that regulates the transfer of business assets so that business owners cannot dispose of assets in order to avoid creditors. If a business owner wants to conduct a bulk sale of business assets -- that is, get rid of an unusually large amount of inventory, merchandise or equipment -- the business owner must typically publish a notice of the sale and give written notice to creditors. Then, the owner must set up an account to hold the funds from the sale for a brief period of time during which creditors may make claims against the money. The prohibition against bulk sales is spelled out in the Uniform Commercial Code -- and laws modeled on the UCC have been generally adopted throughout the country.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

LIMITED LIABILITY

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or ... (more...)

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

CREDIT FILE

See credit report.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

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.

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Rolling Meadows Bankruptcy & Debt Lawyer, Illinois

Sponsored Law Firm

Lynch Law, LLC

SPONSORED LAWYERS

Joseph H. Sparacino

Karl H. Magnus

Daniel Robin

Randall Alan Wolff

Donald J. Cosley

Timothy Wayne Brink

Lance Ziebell

Lance C Ziebell

Stephanie Olsson

John Harold Zelenka

TIPS

LEGAL TERMS

LIEN

INTEREST

BULK SALES LAW

CREDIT COUNSELING

LIMITED LIABILITY

CREDIT FILE

DEFINED CONTRIBUTION PLAN

SECRET WARRANTY PROGRAM

FAIR LABOR STANDARDS ACT (FLSA)

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