Restaurant Chain Owners File for Bankruptcy
Posted on Oct 11, 2011 2:50pm PDT
The company that owns the Souper Salad and Grandy's has reportedly filed for Chapter 11 bankruptcy. According to reports, the company has tried to cut costs by closing some locations, but has still had problems with the struggling economy. The company has reportedly listed assets at about $24 million while liabilities have reportedly been listed at $47 million.
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.