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Illinois Commercial Bankruptcy

If your company is unable to its debts, you may be considering commercial bankruptcy in Illinois. The two most common types of commercial bankruptcy in Illinois are Chapter 11 bankruptcy and Chapter 7 bankruptcy. In Illinois, Chapter 11 commercial bankruptcy allows you to reorganize your business and negotiate a debt repayment plan with your creditors. A Chapter 7 commercial bankruptcy is used if you're planning to wind down the business.

A Illinois commercial bankruptcy lawyer can review your legal options and help you understand which type of bankruptcy is best for your company. Your Illinois commercial bankruptcy attorney can then help you file for commercial bankruptcy in the US Bankruptcy Court in Illinois and represent your company during the bankruptcy proceedings.