Morris Publishing Working to Emerge from Bankruptcy

On February 16, 2010 a judge approved the Morris Publishing Group’s plan to emerge from bankruptcy protection less than a month after it filed Chapter 11. Morris Publishing’s debt restructuring proposal came with no objections from creditors. The publishing company hopes to emerge from bankruptcy protection by March 1. The top-tier lenders will be repaid in full as a part of the agreement, while holders of unsecured bonds will recoup 36 cents on the dollar.

Bankruptcy is never an easy process, but you do have options if you believe you are facing this situation. A bankruptcy lawyer can help you resolve your financial situation as quickly as possible and in the most beneficial way. When you are filing for bankruptcy, there are many possible solutions that will allow you to start with a clean slate and move forward with your life. With the help of a bankruptcy attorney, you can take control of your situation and find the solution that works best for you. A lawyer will make sure you know your options and that you proceed in the proper manner.  Find a bankruptcy lawyer today to begin discussing your case and moving forward.