W Union Square Hotel in Bankruptcy

The W New York Union Square Hotel has been put into bankruptcy by the junior mezzanine lender that took over ownership of the property last December. The company, Hotels Union Square Mezz 1, has filed for Chapter 11 bankruptcy reorganization in order to stop a foreclosure auction. The filing was reportedly a bare-bones petition that wasn't accompanied by the usual requests for relief that happen with a Chapter 11 filing.

It's never easy to find yourself in the position of needing to file for bankruptcy. It's important that you understand how to move forward with this type of situation so that bankruptcy can be a new beginning and not an end for you. Filing for bankruptcy can be complicated, but if you approach this matter correctly then you do not have to suffer any further. You can resolve this situation and begin to move forward.

With the help of a bankruptcy lawyer, you will be able to settle your case and start over fresh. You can count on an attorney to always have your best interest in mind while ensuring that your rights are protected. A lawyer will know how to handle your case and what your best options are in resolving it. Please take some time today to contact a bankruptcy lawyer and begin discussing your case.