Metal Fabricator Files for Bankruptcy Protection
Posted on May 3, 2010 1:00pm PDT
Twin Valley Metalcraft ASM LLC has filed for Chapter 11 protection after reporting a loss of $19,648 in 2008. Last year, the company was sued by Fifth Third Bank as the bank has unsecured claims of nearly $320,000 against the company. The Chapter 11 filing will free the company from the threat of creditors' lawsuits while it focuses on reorganizing its finances.
When you are faced with filing for bankruptcy, you might not know what steps to take or how to move forward with this event. You need to understand that filing for bankruptcy does not have to be the end, but can be the chance for a new beginning. It's important that you understand that during this difficult time you do have rights that should be protected and options in resolving this matter. You can recover from bankruptcy and get your life back together in a timely manner. By working with a bankruptcy attorney, you can begin the process of settling your matter and regaining your life. A lawyer will know how to handle your case and will help you to understand what to expect during this time. With the help of an attorney, you will not need to suffer any further. Please take some time today to contact a bankruptcy lawyer and begin discussing the details of your case.