In the bankruptcy petition papers it listed assets of $352,716.80 and liabilities of $883,231.67. This includes an inventory of 1,503 formal dresses and 331 wedding gowns. These papers were filed in the U.S. Bankruptcy Court last month. After experiencing three years of financial losses – $26,603 in 2010, $125,534 in 2009 and $74,422 in 2008 – it was time to admit defeat in this already-failing economy.
If your business is feeling the pinches of this struggling economy, you need to hire a San Antonio bankruptcy attorney now to get the legal and financial protection that you need now. Not only do you need to decide what type of bankruptcy to file for but you will need assistance compiling all of the paperwork required to file the bankruptcy petition. Contact the Malaise Law Firm now!