Lauth Investment Properties Emerges from Bankruptcy
Posted on Jun 21, 2011 8:30pm PDT
Lauth Investment Properties has reportedly announced that it will be emerging from Chapter 11 bankruptcy reorganization. According to reports, the company now has about $25 million and a portfolio of properties valued at about $35 million. The company reportedly filed for bankruptcy protection in May 2009 with about $759 million in assets and $635 million in liabilities. The company also cut employees from 450 to 27.
Anyone at any time 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.