Latest News 2012 October Bakers Footwear Files for Bankruptcy

Bakers Footwear Files for Bankruptcy

Bakers Footwear Group has reportedly filed for bankruptcy. According to reports, the popular chain of shoe stores ended up filing for Chapter 11 bankruptcy. As a result of the bankruptcy filing, the business ended up closing several stores and is laying off a number of employees. It is reported that in the bankruptcy filing the business listed debts at about $60 million while assets are being listed at $41.9 million.

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.