Real Estate Firm Seeking Bankruptcy

Rena LLC, a real estate firm, has reportedly filed for Chapter 11 bankruptcy protection. According to reports, in the filing, the business listed assets at somewhere between $0 and $50,000. Also in the filing, the business listed liabilities at somewhere between $1 million and $10 million. The business filed for bankruptcy one day before a foreclosure auction was scheduled for one of their properties which will stop the proceedings.

It’s never easy to file for bankruptcy, but it doesn’t have to be the end for anyone because you do have options that can help you through this financial strain. Bankruptcy is a complicated process that needs to be handled carefully so that you can resolve this matter quickly and begin to move forward with your lie again. You should not feel bad about filing for bankruptcy, but you should go about it in the right way so that you settle this matter. With the help of a bankruptcy lawyer, you will be able to choose the method of filing that works best for your situation. A bankruptcy attorney will know the steps you need to take and how to protect your rights through this difficult process. Contact a bankruptcy lawyer today to begin discussing the details of your case and moving forward with your life as quickly as possible with the best possible outcome as the result.