Blockbuster Facing Bankruptcy Filing

Blockbuster Inc. is rumored to be filing bankruptcy next month. There is reportedly a pre-planned Chapter 11 filing ready in order to restructure a debt load of almost $1 billion. The planned bankruptcy will allow the debtor to work with creditors about payment terms ahead of the filing. According to reports, the bankruptcy will take about five months. Five hundred to eight hundred stores may be closed.   

No one wants to file for bankruptcy, but there are cases in which this is the best decision for a person or company to make. You should understand the process of filing and go about it in the correct manner so that your case is resolved in the best possible way. You do not want to have to suffer further as bankruptcy can be a new beginning for your life. By working with a bankruptcy attorney you can proceed forward with your case in the most beneficial way. You deserve to be able to move forward with your life and a lawyer will be able to help you with just that if you begin discussing your case today. An attorney will know how to handle all aspects of your case including any necessary court proceedings. Please take some time today to contact a bankruptcy lawyer who will always have your best interest in mind during this difficult time.