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