Latest News 2010 May Arizona Grocer Close to Emerging from Bankruptcy

Arizona Grocer Close to Emerging from Bankruptcy

Bashas' Inc., a grocery store company in Arizona, is working on securing new financing that would allow it to emerge from bankruptcy protection by midsummer. The company plans to take out $200 million in financing to repay banks and insurance companies for debt. Bashas' is currently talking to two investment banking groups about the financing and are close to closing the deal. The company originally filed for Chapter 11 bankruptcy protection in July 2009.    

It's never easy to find yourself in the position of needing to file for bankruptcy no matter where you are in life. However, it's important to understand that filing for bankruptcy does not have to be the end, but can be a chance at a new beginning. You need to know that you do have rights to protect during this difficult time, but can do so when you know how to handle your case. You will be able to recover from this difficult part of your life. By working with a bankruptcy lawyer, you will be able to resolve this matter in the most beneficial and timely manner. You can count on an attorney to know how to approach your specific situation and be able to guide you through it. A lawyer will always have your best interest in mind while fighting for your rights. Please take some time today to contact a bankruptcy attorney today to begin discussing the details of your case. 

Categories: Chapter 11 Bankruptcy