Streator is a city in LaSalle and partially in Livingston counties in the U.S. state of Illinois. The city is situated on the Vermilion River approximately 81 miles (130 km) southwest of Chicago, Illinois in the prairie and farm land of north-central Illinois. According to the 2000 U.S. census the population of Streator was 14,190 people. Streator was named for Dr. Worthy S. Streator, an Ohio industrialist who financed the region's first coal mining operation. It was incorporated as a city in 1868. Streator's early growth was due to its success as a coal producer, a major glass manufacturer and a railroad hub in the midwest. Today Streator's economy is led by heavy-equipment manufacturer Vactor, food manufacturer U.S. Foodservice and glass bottle manufacturer Owens-Illinois. The city is the hometown of Clyde Tombaugh, who discovered the dwarf planet Pluto in 1930,, and George "Honey Boy" Evans, who wrote "In the Good Old Summertime. " Streator hosts annual events including the Roamer Cruise Night and the Heritage Days celebration each July 4th. Streator is governed by a Manager–council style of government. It maintains police and fire departments as well as a public works system. The mayor is Ray Schmitt.

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. § 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...