In Bankruptcy, Bankruptcy In The News, Blog, Chapter 11 Bankruptcy

When the city raised its rent in November, the park was forced to file for Chapter 11 bankruptcy protection. According to the San Diego Business Journal the park’s rent increased $70,000 to a total of more than $760,000.

At this point the court has ordered a stay in the case, allowing the park to stay where it is. Right now Wave House can hold the property until February; experts are speculating that if the company is forced to move, it would be the end of them financially.

Filing for Chapter 11?  The Malaise Law Firm can help. Contact our legal team now to get help from a San Antonio bankruptcy attorney.