Latest News 2010 October Island One Files for Bankruptcy

Island One Files for Bankruptcy

Island One Inc. five affiliates of the company have filed for bankruptcy protection in Florida. The resort company has cited falling sales and declining property values as part of the reason. The company has listed both assets and debts in the range of $100 million to $500 million. The company believes that the Chapter 11 filing was needed in large part due to the change in the economy.      

It's never easy to file for bankruptcy, but it doesn't have to be the end for anyone because you do have options that can help you through this financial strain. Bankruptcy is a complicated process that needs to be handled carefully so that you can resolve this matter quickly and begin to move forward with your life again. You should not feel bad about filing for bankruptcy, but you should go about it in the right way so that you settle this matter.

With the help of a bankruptcy lawyer, you will be able to choose the method of filing that works best for your situation. A bankruptcy attorney will know the steps you need to take and how to protect your rights through this difficult process. Contact a bankruptcy lawyer today to begin discussing the details of your case and moving forward with your life as quickly as possible with the best possible outcome as the result.