Schaumburg is a village located in Cook County in northeastern Illinois. Schaumburg is located just under 30 miles (48 km) northwest of downtown Chicago and approximately 8 miles (13 km) northwest of O'Hare International Airport. As of the 2000 census, the village had a total population of 75,386. As of 2005, the population dropped slightly to 72,690, according to the Census Bureau. A special census conducted by Schaumburg in 2007 determines it had actually increased to 75,936. The city contains the world headquarters of Motorola and one of only two IKEA stores in Illinois. It contains the Woodfield Mall, the third-largest mall in America, which at most times has over 300 stores (however Woodfield has more recently also begun including strange services, such as a Currency Exchange and an optical area, which are counted towards this total). The city is also the home of the Schaumburg Flyers, a Northern League baseball team whose home is located near the Elgin O'Hare Expressway. Schaumburg's transition from a rural community to that of a suburban metropolis began with Alfred Campanelli's first large scale suburban-style development in 1959 and Woodfield Mall's opening on September 9, 1971. The dinner theater chain, Medieval Times, has one of its nine locations in America in Schaumburg. Examples of large suburbs similar to Schaumburg, IL include Lake Forest, CA and Framingham, MA, in terms of both population and suburban location.

Business Bankruptcy Law Lawyers In Schaumburg Illinois

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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...