Senate Candidate’s Company Files Chapter 11

Ashjian Development LLC, a company run by U.S. Senate hopeful Jon Scott Ashjian, has filed for Chapter 11 bankruptcy protection. Ashjian Development has listed assets at $50,000 or less and liabilities at between $500,001 and $1 million. Reportedly, Ashjian's plan to build a mini-storage unit project on a property didn't work out when funding from the bank dried up as the economy deteriorated.

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.