Lake Forest is a city located in Lake County, Illinois, United States. The population reached 21,300 according to data collected by CNN Money in 2008. The city is south of Waukegan, Illinois, on the shore of Lake Michigan, and is a part of the Chicago metropolitan area and the North Shore. Lake Forest was founded around its college and laid out as a town in 1857 as a stop for travelers making their way south to Chicago. The Lake Forest City Hall, designed by Frost and Granger, Architects, was completed in 1898 and housed the fire department, Lake Forest Library, and city offices. The headquarters of Tenneco, Brunswick, and Hospira are in Lake Forest; Also Coyote Logistics has its headquarters in downtown Lake Forest. W.W. Grainger, Inc. and BFG Technologies are located in unincorporated Lake County, near Lake Forest. The Chicago Bears training facility and headquarters, Halas Hall, opened in 1997 in west Lake Forest, and the Chicago Fire now train at the Bears' previous facility located on the campus of Lake Forest College. Robert Redford filmed Ordinary People, the story of a Lake Forest family, on location in 1980, and the movie went on to win the Academy Award for Best Picture. Silver medal Olympian Matt Grevers, Actor Vince Vaughn, author Dave Eggers, and musician Andrew Bird graduated from Lake Forest High School.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Illinois

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...