Joliet Illinois is a large area made up of many businesses. Joliet’s downtown historic district is home to 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 located in Joliet.

Being home to the first Dairy Queen store which opened in 1906 in the center of town is a claim to fame.

Union Station is the last stop on the Metra line to Chicago, opening up job opportunities for those who want to commute.

Despite the proximity to Chicago and the ease of public transportation, as well as big business in Joliet, residents have still suffered job losses.

The downturn in the economy has caused an increase in the unemployment rate, as well as bankruptcy and foreclosure rates. As of November 2010, Illinois’ unemployment rate was reported to be 9.6%, which is in line with the national average.

If you’ve lost your job and find yourself threatened with bankruptcy or foreclosure, there may still be hope. Loan modification or a short sale can help. Lowering monthly payments by selling a car and using public transportation can help until another job opportunity presents itself.

If you don’t think you have other options, it may be time to contact a Joliet bankruptcy attorney. Using a local attorney who specializes in bankruptcy or foreclosure is beneficial because they will have a better understanding of your situation.