Erickson Emerges from Bankruptcy
Posted on May 9, 2010 10:05am PDT
Erickson Retirement Communities LLC has emerged from Chapter 11 bankruptcy. The company has also been sold to Redwood Capital Investments. The company originally filed for bankruptcy because they were financially hit by the economy that prevented potential residents from selling their homes and moving into communities.
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.
With the help of a bankruptcy attorney, you can begin to resolve this matter and get your life back together. A lawyer will know how to best approach your situation and all aspects including any court proceedings. You can count on an attorney to always have your best interest in mind while settling your bankruptcy situation. Please take some time today to contact a bankruptcy lawyer and begin discussing the details of your case now.