Having spanned the globe since its inception, the company experienced decades of success and growth. However, a global economic decline was just one reason why the owner and president decided to file for Chapter 7 protection this month. In the bankruptcy filing, the owner listed assets of$128,076 and liabilities of $4.2 million.
As with other Chapter 7 bankruptcy cases, the company is expected to produce a plan to liquidate itself in the near future.
Whether you are in individual interested in bankruptcy or own your business, contact a San Antonio Chapter 7 bankruptcy lawyer from theMalaise Law Group who can offer assistance, legal resources and compassion during this difficult financial time in your life.