Welcome to OVLG's Illinois laws and legal information center. Know state laws, legal information, court information, get the links to state government websites, and much more.
Debt consolidation is a debt relief option that combines your multiple debts together to arrange a single monthly payment for you. The consolidated payment is also made affordable through interest rate negotiation and reduction. A debt settlement program, on the other hand, involves negotiation with the creditors to lower the entire outstanding balance, so that the debtor can get rid of his obligation by paying much less than what he owed.
Additional legal resources for consumers
The federal bankruptcy law governs the bankruptcy procedure all over the United States. So, the filing process for Chapter 7 and Chapter 13 in Illinois is not much different than that in other states. A debtor filing for bankruptcy needs to undergo the credit counseling course and the debtor’s education program, before and after the bankruptcy filing in Illinois.
Few key points to consider:
Establishing a company in the state of Illinois is not much different as that in other states. However, for company formation in Illinois, one has to comply with the state-specific rules along with the general rules, for filing documents with the Secretary of State.
Steps that involve an LLC formation
Steps that involve formation of a Non-profit Corporation
An Illinois last will and testament can protect your legal heirs and their rights. Preparing a valid Illinois will ensures that you can keep intestacy at bay, and decide the distribution of your estate, assets and properties on your own. However, while drafting your own Will, you must know:
Living trusts is an ingenious method by which you can bypass probate issues on your assets. Find out: