Learn More About Personal Bankruptcy Law in Chenoa, Illinois

Chenoa is a city in McLean County, Illinois, USA. The population was 1,845 at the 2000 census. Located at the intersections of Interstate 55, Historic Route 66, and U.S. Route 24. Founded in 1854 by Mathew T. Scott, Chenoa was created to provide a retail and trade center for his farm tenants as well as a grain shipping facility. The Chenoa Centennial was celebrated in 1954. The town is situated in a highly productive agricultural area. Two currently active businesses here are notable due to their longevity. They are Schuirman's Drug Store (now Chenoa Pharmacy) and Union Roofing. The latter company today is one of the largest roofing contractors in Illinois. Several small manufacturers operate here and a number of antique dealers are Chenoa-based. There is a small grade school located off Division Street. A well attended July 4 celebration is held in Chenoa each year.

What is personal bankruptcy law?

Personal Bankruptcy involves the legal process that an insolvent individual takes to insure fairness and equality upon creditors and to help the debtor start anew with the property he or she is allowed to keep without being hampered by liabilities he or she might have accrued. Personal Bankruptcy attorneys advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 13 bankruptcy debt repayment plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with a bankruptcy reorganization of a debtor.

Business Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to personal 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 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 13 Bankruptcy Individual Debt Adjustment?

The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income. (Chapter...

What is the Servicemembers' Civil Relief Act?

The Servicemembers' Civil Relief Act applies in bankruptcy cases. It provides protection to members of the military...

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...

How soon after I miss a house payment will the bank begin foreclosure proceedings?

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...