Latest News 2011 January Advanta Wins Bankruptcy Plan Extension

Advanta Wins Bankruptcy Plan Extension

Advanta Corp. has been successful in winning a bankruptcy plan extension. The company has reportedly been able to resolve significant conflicts with the creditors' committee. With the extension, Advanta will be able to submit a bankruptcy plan in the near future and the vote won't occur until sometime after. It is still expected that retail note holders will recover the majority of their investments.      

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.
Categories: Bankruptcy Basics