EBG Holdings Files for Chapter 11
Posted on Sep 21, 2010 9:05am PDT
EBG Holdings LLC, which operates Boston Generating LLC, has voluntarily filed Chapter 11 bankruptcy. The company is seeking a sale of its assets under Section 363 of the U.S. Bankruptcy Code. The company currently plans to continue its business operation throughout the process. It hopes that there will be no material disruption of its operations and plans to exit the bankruptcy proceedings through a sale. For now, current management will remain in place.
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.