Rental Property Firm Files Chapter 11 Bankruptcy
Posted on May 3, 2011 6:35pm PDT
Big Whale, a rental property firm, has reportedly decided to file Chapter 11 bankruptcy. According to reports, the company is seeking protection from creditors in court while also reorganizing its finances. It is being reported that the company has listed assets at about $12.3 million and debts at about $13.6 million. The owners of the company hope to have a reorganization plan figured out in the next few weeks.
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.