GLC Limited Files for Bankruptcy
Posted on Apr 2, 2011 3:55pm PDT
GLC Limited, owned by Gregory and Linda Crabtree, has reportedly filed for Chapter 11 bankruptcy. According to reports, the couple owes between $26 million and $29 million to investors. Chapter 11 will allow the company to reorganize and keep the business operating during the
bankruptcy process.
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.