Legal Question in Bankruptcy in Illinois

Filing Bankruptcy

If you have terrible credit,can you start a corporation?After filing a bankruptcy, how long after can you start a business or corporation.


Asked on 2/20/02, 5:51 pm

2 Answers from Attorneys

Lawrence A. Stein Aronberg Goldgehn Davis & Garmisa, LLC

Re: Filing Bankruptcy

You do not need good credit, or any credit at all, to incorporate a business in Illinois.

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Answered on 2/20/02, 5:54 pm
Charles Dobra Charles Wm. Dobra, Ltd.

Re: Filing Bankruptcy

I'd wait until I had my Order of Discharge in my hand. If you have that, I can't perceive any impediment to starting a corporation as long as you can comply with the simple incorporation requirements.

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Answered on 2/20/02, 6:08 pm


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