Texas Rangers Lenders Force Bankruptcy

A group of lenders for the Texas Rangers have sued in order to force a bankruptcy filing. Now, the involuntary bankruptcy petitions have been filed against the Rangers. The team has voluntarily put itself into bankruptcy to ease a proposed $575 million sale to a group led by Nolan Ryan. As of now, the team's lenders are dissatisfied with the terms of the proposed sale.      

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.