Askounis & Borst, P.C. from Chicago Illinois works as Attorneys,
Bankruptcy Lawyers,
Civil Law Attorneys,
Collection Lawyers,
and Corporate Business Lawyers.
Feel free to contact us at the following contact information.
303 East Wacker Drive Suite 1000
Chicago
Illinois,
60601
[Open in Maps]
(312)861-7100
(312)861-0022
www.askborst.com:
attorneys(at)askborst.com
Last updated 2022-07-26
Specialties of Askounis & Borst, P.C.:
- Attorneys
- Bankruptcy Lawyers
- Civil Law Attorneys
- Collection Lawyers
- Corporate Business Lawyers
Attorneys: A lawyer is a person who practices law, as an advocate, barrister, attorney, counselor or solicitor or chartered legal executive. Working as a lawyer involves the practical application of abstract legal theories and knowledge to solve specific individualized problems, or to advance the interests of those who hire lawyers to perform legal services. The role of the lawyer varies greatly across legal jurisdictions, and so it can be treated here in only the most general terms.
Bankruptcy Lawyers: Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors.The philosophy behind the law is to allow the debtor to make a fresh start, not to be punished for inability to pay debts. Bankruptcy law allows certain debtors to be discharged of the financial obligations they have accumulated, after their assets are distributed, even if their debts have not been paid in full. Some bankruptcy proceedings allow a debtor to stay in business and use business income to pay his or her debts.
Civil Law Attorneys: Many states in the world have comprehensive legal systems called civil law jurisdictions, largely inspired by Roman law, the primary feature of which was that laws were written into a collection; codified, and not determined, as is common law, by judges. Germany and France sustained the bridge between Roman law and civil law (old French law book cover pictured). Civil law jurisdictions purport to provide all citizens with an accessible and written collection of the laws which apply to them and which judges must follow.
Collection Lawyers: Debt collection is the process of pursing payments of debts owed by individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. There are many types of collection agencies. First-party agencies are often subsidiaries of the original company the debt is owed to. Third-party agencies are separate companies contracted by a company to collect debts on their behalf for a fee. Debt buyers purchase the debt at a percentage of its value, then attempt to collect it. Each country has its own rules and regulations regarding them.
Corporate Business Lawyers: A corporate lawyer is also known as In-House Counsel, Staff Attorney, Deputy General Counsel, General Counsel and Chief Legal Officer. Their primary objective is to serve the interests of the corporation, not the owners of the business or the officers who run it. In addition to legal counsel, they may also be called upon to provide business advice. They may practice other areas of law concerning mergers and acquisitions, trademarks, tax law bankruptcy, employment, securities, real estate or international commercial law.
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