Sibley Bankruptcy Lawyer, Illinois, page 3

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

Joe Pioletti

Bankruptcy, Landlord-Tenant, Family Law, Criminal, Commercial Real Estate

Status: In Good Standing

CONTACT

121 North Main Street, Bloomington, IL 61701

David Robert Moore

Estate Planning, Divorce & Family Law, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 41 Years

CONTACT

220 W Main St, Urbana, IL 61801

Francis Earl Hoffman

Social Security, Divorce & Family Law, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing Licensed: 45 Years

CONTACT

401 N. Main Street, Bloomington, IL 61701

David M. Ucherek

Credit & Debt, Bankruptcy, Consumer Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

103 N Race St, Urbana, IL 61801

Richard M Manzella

Civil Rights, Employment, Consumer Bankruptcy

Status: In Good Standing

CONTACT

117 N Center St, Bloomington, IL 61701

Cheralyn Elizabeth Kesler

Bankruptcy, Personal Injury, DUI-DWI, Divorce

Status: In Good Standing Licensed: 23 Years

CONTACT

101 W Tomaras Ave, Savoy, IL 61874

Karren Simone Farmer

Federal Appellate Practice, Divorce, Civil Rights, Bankruptcy

Status: In Good Standing Licensed: 26 Years

CONTACT

295 W Jeffery St, Kankakee, IL 60901

Marshall Dusenbury

Divorce, DUI-DWI, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

111 South Schuyler Avenue, Kankakee, IL 60901

Marshall Roy Dusenbury

Divorce, DUI-DWI, Bankruptcy, Personal Injury

Status: In Good Standing

CONTACT

111 South Schuyler Avenue, Kankakee, IL 60901

Rebecca S. Souligne

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

Status: In Good Standing Licensed: 31 Years

CONTACT

470 E. Merchant, Kankakee, IL 60901

800-923-0641

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LEGAL TERMS

DISPOSABLE INCOME

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Ch... (more...)

The difference between a debtor's current monthly income and allowable expenses. This is the amount that the new bankruptcy law deems available to pay into a Chapter 13 plan.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

TRADE NAME

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

CURRENT MONTHLY INCOME

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding... (more...)

As defined by the new bankruptcy law, a bankruptcy filer's total gross income (whether taxable or not), averaged over the six-month period immediately preceding the bankruptcy filing. The debtor's current monthly income is used to determine whether the debtor can file for Chapter 7 bankruptcy, among other things.

CCCS

See Consumer Credit Counseling Service.

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.

LIQUIDATING PARTNER

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

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.

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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Sibley Bankruptcy Lawyer, Illinois, page 3

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Joe Pioletti

David Robert Moore

Francis Earl Hoffman

David M. Ucherek

Richard M Manzella

Cheralyn Elizabeth Kesler

Karren Simone Farmer

Marshall Dusenbury

Marshall Roy Dusenbury

Rebecca S. Souligne

TIPS

LEGAL TERMS

DISPOSABLE INCOME

SOLE PROPRIETORSHIP

TRADE NAME

CURRENT MONTHLY INCOME

CCCS

REDEMPTION

GENERAL PARTNER

LIQUIDATING PARTNER

MEETING OF CREDITORS

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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