Bankruptcy Plan Approved for Reorganization

TLCVision Corporation has been approved for an amended bankruptcy plan sponsor agreement backed by Charlesbank Capital Partners and H.I.G. Capital, LLC. The debt reorganization will result in the payment in full of all outstanding amounts. While this will be a long process, it is the beginning of resolving bankruptcy for TLCVision. Both backers of this agreement will receive financing from the bankruptcy court to help in repaying debts.

A bankruptcy attorney understands it is incredibly difficult to consider and then file for bankruptcy at any point in your life. Bankruptcy lawyers also understand that you have various options when considering filing for bankruptcy. It’s important that you understand what options are available to your situation and how to go about properly dealing with any of these options. Bankruptcy can affect various aspects of your life for any amount of time, so it’s important to go about this in the proper way. You should work with a bankruptcy attorney to discuss your case and decide on the way in which you would like to proceed forward. Contact a bankruptcy lawyer who can help you through this process in the easiest way possible so that you can focus getting back on your feet.