Joliet Illinois is a large area of diverse businesses. The historic district in downtown Joliet has small businesses and serves as the location of the weekly farmers market. Efforts are underway to revitalize the area and introduce new restaurants, condominium developments and grow the arts district.
The successful Harrah’s and Empress casinos are both located in Joliet.
Being the home of the first Dairy Queen shop that opened in 1906 in the city center is a claim to fame.
Union Station is the last stop on the Metra line to Chicago opening up job opportunities for those who wish to travel.
Despite the proximity of Chicago and the convenience of public transportation and extensive business in Joliet, residents still suffer from job loss.
The economic downturn has led to an increase in the unemployment rate as well as the bankruptcy and foreclosure rates. In November 2010 the Illinois unemployment rate was reported at 9.6% which is in line with the national average.
If you lose your job and find yourself in danger of bankruptcy or foreclosure, there may still be hope. Loan modifications or short sales can help. Reducing your monthly payments by selling your car and using public transportation can help until other job opportunities present themselves.
If you’re not sure that you have other options, it might be time to contact Joliet’s bankruptcy attorney. Using a local attorney who specializes in bankruptcy or foreclosures is beneficial because they will have a better understanding of your situation.
