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Illinois Wage Garnishment

Posted by admin on Jan 13, 2015 8:28:56 AM

Initiating a wage deduction proceeding is an effective supplementary proceeding that is statutory by nature. It is required that the creditor have a valid and final judgment. A wage deduction proceeding is a tool for judgment creditors to obtain a court order for nonexempt wages to be paid to the creditor. In Illinois, wages are defined as any hourly pay, salary, commissions, bonuses, or other compensation that an employer may owe to a judgment debtor. The process of initiating a wage garnishment requires the creditor to serve an employer with a wage deduction proceeding. The employer is required to answer the wage deduction proceeding and withhold wages from its employee who is subject to the proceeding. If an employer fails to answer the proceeding after proper service, a conditional judgment will be entered against the employer for the judgment balance.

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Collecting on a Judgment – The Citation to Discover Assets, An Extraordinary Remedy

Posted by admin on Jan 13, 2015 8:25:33 AM

If you are a creditor who has sued an individual and obtained a judgment that orders an individual or business to pay you back money, you may want to consider filing a citation to discover assets. Illinois law allows for a creditor to attempt to collect on the judgment to appear before the court on a Citation to Discover Assets, which is a tool to discover and recover assets of a debtor. A citation to discover assets allows a creditor to compel a debtor to give a complete disclosure of the debtor’s financial situation. In Illinois, a citation to discover assets is a powerful tool in that it can be used to perform any action that can be used in all other post-judgment procedures.

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Confession of Judgments in Illinois: Why not?

Posted by admin on Jan 13, 2015 8:12:11 AM

Confession of Judgment – Why Every Illinois Contract Should Contain This Clause

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Five Beneficial Reasons to Hire a Debt Collection Attorney

Posted by admin on Apr 30, 2014 8:26:37 AM

If you have someone that owes you money and that person has fallen behind on payment, it is time to consider hiring a debt collection attorney. If you’re a bank or large institution, it’s paramount for you to recover any debt.
Below are five benefits of hiring one.

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The Illinois Divorce – Who Keeps What?

Posted by admin on Apr 28, 2014 8:15:29 AM

Divorce is never fun and often the couple who is separating feels like they are losing a lot, but… who gets to keep the flat screen? The cars? The home? Illinois law defines marital property as all property acquired by either spouse during the marriage and is subject to equitable division upon dissolution of marriage. Even if property is in the name of only one spouse, it does not make a difference. What matters is whether the property was acquired during the marriage, if it was, and then both parties share a common ownership interest in the property.

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Entrepreneurial Spirit and the Illinois Business Attorney

Posted by admin on Apr 28, 2014 8:11:06 AM

Among the many worries those starting a business in Illinois have, one is finding the right lawyer to help you succeed in the business venture you are undertaking. It doesn’t matter if you decide to start your business in Downtown Chicago, Aurora, Elgin, Naperville, Joliet, or Champaign– there is a good chance you will run into an issue that will require you to find a business lawyer to either help you accomplish a certain goal or resolve a certain issue related to your entrepreneurial dream.

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Illinois Debt Collection

Posted by admin on Apr 28, 2014 8:09:23 AM

A debt collector is any person other than the creditor who regularly collects or attempts to collect debts that are owed to others and that resulted from consumer transactions. A debt collector can contact you in person, by mail, telephone, telegram or e-mail. However, without consent by the debtor, a collector cannot contact you at unreasonable times or places, such as before 8 a.m. or after 9 p.m. It is important to note that a debt collector may contact people other than you to find out where you live or work, but may not tell anyone other than you or your attorney that you owe money.

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Personal Injury in Illinois- Five Simple Steps to Protect Yourself

Posted by admin on Apr 28, 2014 8:06:46 AM

Personal injury claims arise when one person is injured as a result of another person’s wrongful acts. These wrongful acts can happen both intentionally and negligently. There are important steps you need to take in order to protect yourself and your potential recovery due to the wrongful acts that gave rise to your injury. Below is a non-exhaustive list to help guide you on how to proceed if you are involved in an unfortunate event giving rise to a possible personal injury claim.

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Forming a Limited Liability Company in Illinois

Posted by admin on Apr 28, 2014 8:05:30 AM

The Limited Liability Company (“LLC”) is a great way to incorporate your business to protect your personal assets as well as have your business enjoy limited liability and tax breaks. The LLC is quickly becoming one of the preferred corporate forms for many reasons, but two stand out. First, members of an LLC are protected from being personally liable for the debts, obligations and lawsuits of the LLC. In addition, the LLC allows for the members to choose how the LLC will be taxed for federal income tax purposes.

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Chicago Landlord Tenant Law – The Chicago Renter and the Security Deposit

Posted by admin on Apr 28, 2014 8:00:51 AM

Do you rent an apartment in Chicago? If you answered yes, did your landlord collect a security deposit from you? Despite common misconceptions, a security deposit is not an advance of the last month’s rent, nor does the security deposit become the landlord’s property. At all times during your tenancy, the security deposit funds remain the tenant’s property.

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