Latest News 2011 May Project Developer Seeking Bankruptcy Protection

Project Developer Seeking Bankruptcy Protection

The developer of Cassa NY Hotel and Residences is reportedly seeking bankruptcy protection. According to reports, the company is blaming its financial challenges on litigation involving other businesses. The company, Waterscape, has allegedly listed about $168.5 million in assets and about $141.5 million in debts. The company has reportedly recently defaulted on a principal payment obligation.       

It's never easy to find yourself in the position of needing to file for bankruptcy no matter where you are in life. However, it's important to understand that filing for bankruptcy does not have to be the end, but can be a chance at a new beginning. You need to know that you do have rights to protect during this difficult time, but can do so when you know how to handle your case. You will be able to recover from this difficult part of your life.

By working with a bankruptcy lawyer, you will be able to resolve this matter in the most beneficial and timely manner. You can count on an attorney to know how to approach your specific situation and be able to guide you through it. A lawyer will always have your best interest in mind while fighting for your rights. Please take some time today to contact a bankruptcy attorney today to begin discussing the details of your case.  
Categories: Filing for Bankruptcy