Owner of Hooters Casino Files for Bankruptcy
Posted on Aug 25, 2011 2:15pm PDT
The owner of a Hooters Hotel and Casino has reportedly filed for Chapter 11 bankruptcy. According to reports, the owner is looking to reorganize millions of dollars in debt. The owner reportedly decided to file for
bankruptcy after negotiations over a pre-negotiated restructuring with its largest bondholder collapsed. The owner has reportedly listed assets between $10 million and $50 million while liabilities are listed at more than $100 million.
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.