Pampas Palo Alto Files for Bankruptcy
Posted on Feb 19, 2011 3:20pm PST
The operator of a Brazilian churrasco restaurant, Pampas Palo Alto, has reportedly filed for Chapter 11 bankruptcy protection. The owner voluntarily filed as they feel unable to continue operating without debt relief. As of now, it is unknown if the restaurant will continue to operate during the bankruptcy matter. According to the Chapter 11 filing, the company listed both assets and debts at somewhere between $1 million and $10 million.
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.