Difficulty with Rainbows United’s Bankruptcy

Rainbows United filed for Chapter 11 bankruptcy last year and now is facing some difficulties with their reorganization plan. Lenders are not in agreement about the plan that Rainbows has brought forward and the lenders will now be voting on the reorganization plan. Rainbows originally filed for bankruptcy because misleading internal financial statements led to the bankruptcy; no funds were embezzled.

Being involved in filing for bankruptcy is never an easy matter to deal with no matter your situation. In filing or bankruptcy, it is important that you know that you do have options in order to make this process easier. While bankruptcy is a complicated matter, you need to know how to go about this in the correct way to resolve this issue in a timely manner.

A bankruptcy attorney will be able to assist you through this process and make sure that you do what is best for your case. By working with a bankruptcy lawyer, you can rest assured that your rights are being protected and your case is being handled properly. If you or someone you know is facing bankruptcy, please contact a lawyer today to begin resolving this matter and moving forward with your life.