Senior Living Chain Emerges from Bankruptcy
Posted on May 9, 2010 2:15pm PDT
Erickson Retirement has emerged from Chapter 11 bankruptcy protection six months after it filed. The company has been able to stabilize operations and secure financing thanks to new management. The post-bankruptcy reorganization plan has been approved by a federal bankruptcy court in Texas.
It's never easy to deal with a bankruptcy situation, so it is important that you understand the details if you find yourself filing for bankruptcy. You need to know that in this situation you do have rights that should be protected and can be protected if you take the right steps. Filing for bankruptcy does not have to be the end for you, but it can be the chance at a new beginning if you manage your situation properly. You can move forward from this event that may feel like it is the end. By working with a bankruptcy lawyer, you will be able to move forward with a case knowing that it is being handled in the best way possible. It's in your best interest to work with an attorney who can guide you through this difficult process and ensure that your rights are protected. Please take some time today to contact a bankruptcy attorney and begin discussing the details of your case.