Downingtown is a borough in Chester County, Pennsylvania, 33 miles (53 km) west of Philadelphia. Downingtown has been in existence since the early 1700s and boasts a number of historic buildings and structures. The town was originally named Milltown due to its number of mills along the Brandywine Creek, the first of which was founded by Thomas Moore. The Bicking family also had paper mills in the area, with Frederick Bicking from Winterburg, Germany, being the patriarch of the Bicking paper families. Around the time of the American Revolution, Milltown became more commonly known as Downing's Town because Thomas Downing, a 1717 Quaker immigrant from Bradninch, Devon, England, owned a number of those mills. The town's name officially became Downingtown in 1812. The east branch Brandywine Creek runs through the middle of the town. The town is located along US route 30 which runs from the East Coast to the West Coast, and was an early westward road in the wagon days as the Philadelphia and Lancaster Turnpike. This was the first paved road to cross the nation from Atlantic to Pacific. The Pennsylvania Turnpike started construction in the early 1940s and was completed in the early 1950s; it runs north of US 30 bypassing Downingtown. The famous Irish patriot and martyr Theobald Wolfe Tone briefly lived here. President Lincoln's funeral train passed through Downingtown. The 1958 movie, The Blob, was filmed in and around Downingtown, and in fact, the diner in that movie is actually called the Downingtown Diner . The center of Downingtown has recently undergone some widespread and continuing renovation, particularly to the streetscape and many of the commercial buildings. There has also been residential development on recovered industrial lands in the southeastern part of the borough. Downingtown is home to some large regional and national businesses, including DNBFirst bank and Victory Brewing Company.

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 Pennsylvania

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...