Woodridge, Illinois is a suburban city of Chicago, located primarily in DuPage County, with portions in Will County and Cook County, Illinois in the United States. It uses the 630 and 331 area codes. The population was 30,934 at the 2000 census. A special census commissioned in 2003 put the population at 33,253. Woodridge is the home of the Morey Corporation, a campus of Westwood College, Wilton Industries, Pabst Brewing Company and the Seven Bridges golf course and housing development. Woodridge was incorporated on August 24, 1959 with less than 500 residents, on a wooded area of high ground overlooking the DuPage River's East Branch. Woodridge is a young community with the vast majority of its homes, businesses, and churches constructed after the 1950s. Woodridge was founded by a housing developer, Albert Kaufman, who was largely responsible for the creation of the village. In July 2007, Woodridge was ranked #61 on Money Magazine's, 100 Best Places to Live.

Business Bankruptcy Law Lawyers In Woodridge Illinois

Advertisement

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...

Federal court opinions concerning business bankruptcy law in Illinois