Theater Filing for Bankruptcy Protection to Stop Sale

In order to prevent a sheriff' sale of the building, the Prince Music Theater filed for bankruptcy protection. Now, the sale and seizure of the venue will not occur. With the Chapter 11 filing, the business will have time to restructure its debts with court supervision and protection. The theater reportedly has debt of over $4.8 million at this time.    

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.