Chicago Attorneys Reviewing Other Chapters of Illinois Bankruptcy
Chapter 9
Chapter 9 allows a municipality to propose a plan to adjust its debts by modifying, reducing or eliminating the debts. A municipality may not file Chapter 9 bankruptcy unless authorized by the law of its state.
Chapter 12
Chapter 12 allows a family farmer or fisherman to propose a plan to adjust its debts by modifying, reducing or eliminating the debts. It works very similarly to Chapter 13, but is only available to a very limited class of people.
Chapter 15
Chapter 15 governs bankruptcy or other insolvency proceedings in cross-border cases.
Contact Ledford & Wu Bankruptcy Lawyers
Learn more about how we can help you determine the best approach to your financial issues. Our goal is provide you with the highest level of service and legal representation.
Ledford & Wu has offices in Downtown Chicago, Evergreen Park, Calumet City, North Riverside/Berwyn, Northside/Jefferson Park, Schaumburg, Bolingbrook, Gurnee, Aurora and Elgin.
