Learn More About Business Bankruptcy Law in Metropolis, Illinois

Metropolis is a city located along the Ohio River in Massac County, Illinois, in the United States. As of the 2000 census, the city population was 6,482. It is the county seat of Massac County. Metropolis is part of the Paducah, KY-IL Micropolitan Statistical Area. Prior to the American Civil War there was a proposal to establish a Western District of Columbia to include present day Metropolis and the nearby area of Kentucky. An 1850 map illustrates this proposal. On January 21, 1972 DC Comics declared Metropolis "Hometown of Superman". On June 9, 1972 the Illinois State Legislature passed Resolution 572 that declared Metropolis the "Hometown of Superman," the comic book superhero who is based in the fictional city of Metropolis. Among the ways it celebrates the character are a large Superman statue in the city, a small Superman museum, and an annual Superman Celebration that is always held the second weekend in June. Also, it has a local newspaper, known as The Metropolis Planet, a name inspired by the newspaper in fictional Metropolis, The Daily Planet. Metropolis is also home to Harrah's Metropolis casino/hotel, a riverboat casino frequented by visitors from around the region, making tourism one of the city's largest industries.

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

What are the different options for bankruptcy?

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

Where Can I get Bankruptcy Forms?

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

What is a Chapter 7 Bankruptcy Liquidation?

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

What is a Chapter 9 Municipality Bankruptcy?

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

What is a Chapter 11 Bankruptcy Reorganization?

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

What is a Chapter 12 Family Farmer or Family Fisherman Bankruptcy?

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

What is a Chapter 15 Cross-Border Bankruptcy?

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

What is the Securities Investor Protection Act?

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

What Bankruptcy Terminology Should I be Familiar with?

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

How can I protect myself from debt collectors?

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