Deli Files for Bankruptcy Protection

Katz's Deli in  Austin, Texas has filed for Chapter 11 bankruptcy protection after more than 30 years of business. At this time, business will operate as usually as the deli is not being evicted and not going out of business. According to court records, the company sought the court's permission to pay almost $29,000 owed to about 55 employees.   

Anyone at anytime can find themselves needing to file for bankruptcy, whether personal bankruptcy or as a company. You need to know that these matters can be resolved in a beneficial way if handled properly so that you are able to move forward with your life. You do have rights to protect during this difficult time, but it's important that you take the correct steps to do so. Filing for bankruptcy does not have to be the end, but can be the chance at a new beginning when you make the right choices.