Latest News 2011 March Hermitage Developers Inc. Files for Chapter 11

Hermitage Developers Inc. Files for Chapter 11

The company Hermitage Developers Inc. has reportedly filed for voluntary Chapter 11 bankruptcy protection. According to reports, the company's state business license has been listed as inactive since August 2009. Hermitage Developers Inc. reportedly has about $5.9 million in assets and $3.7 million in debts. The Chapter 11 bankruptcy filing will allow to company to work on restructuring its debt while it continues to operate.         

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.