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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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Terrell Lee Sharp

Banking & Finance, Bankruptcy, Corporate, Collection

Status: In Good Standing

CONTACT

1115 Harrison, Mount Vernon, IL 62864

John T. Hundley

International, Corporate, Contract, Collection

Status: In Good Standing Licensed: 46 Years

CONTACT

1115 Harrison St, Mount Vernon, IL 62864

Robert Emmett Shaw

Construction Contracts, Banking & Finance, Collection, Bankruptcy

Status: In Good Standing

CONTACT

117 N 10Th St, Mount Vernon, IL 62864

Robert Shaw

Litigation, Transactions, Collection, Bankruptcy

Status: In Good Standing

CONTACT

117 N 10Th St, Mount Vernon, IL 62864

Sharon Sigwerth Costa

Collection

Status: In Good Standing Licensed: 47 Years

CONTACT

2001 Broadway St, Mount Vernon, IL 62864

Deana Meiners

Lawsuit, Divorce, DUI-DWI, Collection

Status: In Good Standing

CONTACT

2029 Broadway, Mount Vernon, IL 62864

David John Gerber

Commercial Real Estate, Estate Planning, Business, Collection

Status: In Good Standing Licensed: 55 Years

CONTACT

3200 Lime Avenue, Mount Vernon, IL 62864

David J. Gerber

Business Organization, Collection, Credit & Debt, Wills & Probate

Status: In Good Standing

CONTACT

3200 Lime Avenue, Mount Vernon, IL 62864

David J. Gerber

Collection, Estate Planning, Transactions, Municipal

Status: In Good Standing

CONTACT

3200 Lime Avenue, Mount Vernon, IL 62864

David John Gerber

Collection, Estate Planning, Transactions, Municipal

Status: In Good Standing Licensed: 55 Years

CONTACT

3200 Lime Avenue, Mount Vernon, IL 62864

800-923-0641

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LEGAL TERMS

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.

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.

FRATERNAL BENEFIT SOCIETY BENEFITS

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal socie... (more...)

These are benefits, often group life insurance, paid for by fraternal societies to their members. Elks, Masons or Knights of Columbus are common fraternal societies that provide benefits. Also called benefit society, benevolent society or mutual aid association benefits. Under bankruptcy laws, these benefits are virtually always considered exempt property.

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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.

DEBT COLLECTOR

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe... (more...)

A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

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.

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Texico Collection Lawyer, Illinois

Sponsored Law Firm

PMJ PLLC

SPONSORED LAWYERS

Terrell Lee Sharp

John T. Hundley

Robert Emmett Shaw

Robert Shaw

Sharon Sigwerth Costa

Deana Meiners

David John Gerber

David J. Gerber

David J. Gerber

David John Gerber

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LEGAL TERMS

BULK SALES LAW

CURRENT MONTHLY INCOME

FRATERNAL BENEFIT SOCIETY BENEFITS

CHAPTER 13 PLAN

SUBROGATION

FORBEARANCE

DEBT COLLECTOR

FRAUDULENT TRANSFER

WINDING UP

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