COLT Studio Group has Plan Confirmed
Posted on Mar 11, 2011 10:05pm PST
COLT Studio Group has reportedly had their Chapter 11 plan confirmed by a bankruptcy judge. The judge has reportedly approved the plan that will allow the company to continue operating and also paying another studio in order to settle a claim. The studio now will likely not need to go through liquidation or need to reorganize its finances any further. COLT originally listed assets at $105,000 and liabilities at $2.9 million.
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.