Latest News 2010 April Lone Star Steakhouses File for Bankruptcy Protect in California

Lone Star Steakhouses File for Bankruptcy Protect in California

The owner of the five Lone Star Steakhouses in California has filed for Chapter 11 bankruptcy protection. As of now, it is unclear if any of the five restaurants are in danger of closing. According to bankruptcy documents that were filed, the steakhouse franchisee lists liabilities of $3.4 million.  

It's never easy to find yourself in the position of needing to file for bankruptcy. However, you need to understand that this is not the end, but the chance at a new beginning. Bankruptcy is a complicated process so it is important that you go about it in the correct way so that the matter is resolved in the best way possible. It's important that you understand your rights during this time and know that you do have options in moving forward with this matter.

By working with a bankruptcy attorney, you will be able to resolve this matter in the most beneficial way possible. A lawyer will know what to expect with your case and will be able to guide you through difficult aspects such as possible court proceedings. If you or someone you know is facing a bankruptcy situation then it is in your best interest to work with an attorney who will have expertise in this area. Please take some time today to contact a bankruptcy lawyer and begin discussing the details of your case.