Phones Answered 24 Hours A Day Call 724-799-8404
Thompson Law Group, P.C.
Experienced Lawyers On Your Side

June 2016 Archives

Bankruptcy offers the chance to restructure business debt

In Pennsylvania and elsewhere, bankruptcy is an option that consumers and businesses with overwhelming debt may find to be the key to their financial recovery. It is not a minimal remedy nor even an attempt to regulate an overactive or neglected budget. Bankruptcy is for businesses and consumers who have encountered severe financial setbacks and are now struggling to find a solution to a crisis situation.

Business bankruptcy allows for normal operations in some cases

In many Chapter 11 filings in Pennsylvania or other jurisdictions, the main focus of the company will be to get over the preliminary hurdle of being able to continue operations as the bankruptcy goes forward. In a recent filing by Vertellus Specialties, Inc., the company received the approval of the Bankruptcy Court to maintain its normal operations. The company has agreed with its lenders to sell substantially all of its domestic and foreign assets.

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy