Mall Files for Bankruptcy Protection
Posted on May 25, 2010 1:45pm PDT
Highland Mall in North Austin, Texas has filed for bankruptcy protection. The mall had to file Chapter 11 bankruptcy because of legal tangle with tenants, vacating leases and recessionary pressure. Reportedly, the mall has liabilities reaching up to $1 million and 49 creditors. Ownership of the mall was transferred last year to a group called JPMCC 2002-CIBC4 Highland Retail LLC.
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.