Latest News 2011 December Petroleum Club Files for Bankruptcy

Petroleum Club Files for Bankruptcy

The Petroleum Club has reportedly filed for Chapter 7 bankruptcy. According to reports, the business reportedly plans on liquidating assets to pay back creditors. In the bankruptcy filing, assets have reportedly been listed at $1.38 million while debts are reportedly listed at $158,294. There are reportedly 50 to 99 creditors involved in the bankruptcy filing.

No one wants to file for bankruptcy, but there are cases in which this is the best decision for a person or company to make. You should understand the process of filing and go about it in the correct manner so that your case is resolved in the best possible way. You do not want to have to suffer further as bankruptcy can be a new beginning for your life. 

By working with a bankruptcy attorney you can proceed forward with your case in the most beneficial way. You deserve to be able to move forward with your life and a lawyer will be able to help you with just that if you begin discussing your case today. An attorney will know how to handle all aspects of your case including any necessary court proceedings. Please take some time today to contact a bankruptcy lawyer who will always have your best interest in mind during this difficult time.