Latest News 2010 February Mariella Burani Seeking Bankruptcy Protection

Mariella Burani Seeking Bankruptcy Protection

The Mariella Burani Fashion Group is seeking protection from creditors. While MBFG does not plan to close their doors, their shares have been suspended and they are $650 million in debt. The company has been in talks to restructure a deal with the banks, but while that has been difficult, they have decided to move forward in asking for bankruptcy protection. Before this event, on February 11, 2010, the family’s Burani Designer Holding (which indirectly controls MBFG) was declared bankrupt by a court. MBFG will continue to work on receiving bankruptcy protection in an effort to keep the company alive.

Clearly it is never easy to file for bankruptcy or to protect yourself against needing to file for bankruptcy. You need to know that if you are in this type of situation, there are steps you can take to protect yourself or to file for bankruptcy in the best way possible. By working with a bankruptcy attorney, you can begin to deal with the matter in the correct way and ensure your case is handled properly.  Click here to find a bankruptcy lawyer who will deal with your bankruptcy situation in a way that provides you with the best possible outcome and the future you deserve.

Categories: Filing for Bankruptcy