Sports Gear Company Files for Bankruptcy
Posted on Oct 17, 2010 4:50pm PDT
Schutt Sports Inc., the maker of football helmets and more protective gear, has filed for Chapter 11 bankruptcy protection. The company plans to continue operating business as normal as they reorganize to pay off debt. The company has reportedly received a proposal for a plan of reorganization funded by a rights offering, backstopped by an unspecified group of investors.
Anyone at any time can find themselves needing to file for bankruptcy, whether personal bankruptcy or as a company. You need to know that these matters can be resolved in a beneficial way if handled properly so that you are able to move forward with your life. You do have rights to protect during this difficult time, but it's important that you take the correct steps to do so. Filing for bankruptcy does not have to be the end, but can be the chance at a new beginning when you make the right choices.
With the help of a bankruptcy attorney, you can begin to resolve this matter and get your life back together. A lawyer will know how to best approach your situation and all aspects including any court proceedings. You can count on an attorney to always have your best interest in mind while settling your bankruptcy situation. Please take some time today to contact a bankruptcy lawyer and begin discussing the details of your case now.