Latest News 2012 February Grubb & Ellis Files for Bankruptcy

Grubb & Ellis Files for Bankruptcy

Grubb & Ellis has reportedly filed for Chapter 11 bankruptcy protection. According to reports, the business has filed as part of a deal to sell most of its assets to the parent of a rival commercial real estate services company. In the bankruptcy filing, the business reportedly listed assets at about $150 million while debts were listed at about $167 million. The business allegedly has more than 5,000 creditors listed in the filing.

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.