Bonfield is a village in Kankakee County, Illinois, United States. Bonfield's population was 364 at the 2000 census. It is included in the Kankakee-Bradley, Illinois Metropolitan Statistical Area. Although founded by quarryman Thomas Verkler, the village was named after Thomas Bonfield, an attorney for the Kankakee & Seneca Railroad Company, which established a depot in the village. A name was needed for this depot, someone suggested "Bonfield", and that's what stuck. The railroad has long since disappeared into history but it had been on Johnson Street. Old railroad spikes and ties might still be found around the limestone quarry. The depot was moved about a mile and a half south of the village and converted to a barn, which remains today (12/31/2007). The town originally had a high school, but it burned down in the early 1930s. Students then went to Herscher High School in Herscher, Illinois.

Business Bankruptcy Law Lawyers In Bonfield Illinois

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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. § 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...