Building Owner Wants to Abandon Chapter 11 Bankruptcy

Resorts Development Group II, LLC, the owner of buildings at Center Stage Alabama, reportedly wants to abandon its Chapter 11 bankruptcy filing. According to reports, the business is now asking for dismissal of the filing for the time being. The business was working on reorganizing under bankruptcy protection to pay back creditors while still operating. It is reported that the business wants the case converted to Chapter 7 bankruptcy which would mean a liquidation of assets in order to pay back some money to creditors.

It’s never easy to find yourself in the position of needing to file for bankruptcy no matter where you are in life. However, it’s important to understand that filing for bankruptcy does not have to be the end, but can be a chance at a new beginning. You need to know that you do have rights to protect during this difficult time, but can do so when you know how to handle your case. You will be able to recover from this difficult part of your life.

By working with a bankruptcy lawyer, you will be able to resolve this matter in the most beneficial and timely manner. You can count on an attorney to know how to approach your specific situation and be able to guide you through it. A lawyer will always have your best interest in mind while fighting for your rights. Please take some time today to contact a bankruptcy attorney today to begin discussing the details of your case.