Nine months ago, a Colorado based company filed chapter 11 bankruptcy. Local Insight Media Holdings Inc., owner of the Berry Company, filed for bankruptcy, but is hoping to make a comeback by the end of the fourth quarter according to the Business Journal. The company will emerge with more than 90% of their debt paid off and start off the quarter in a great position. The Berry Company has generated tremendous sales since the early 1900’s, and plans to regain both their image and their clients. President and CEO of Local Insight, Scott Brubaker, states that they are now in a better position to succeed and become a strong company again.
Many companies that have filed for bankruptcy emerge from it and come back stronger than ever. They have learned from their mistakes and become aware of the warning signs. According to Forbes, many companies use their bankruptcy to solve their company’s problems and to reorganize their organization into a stronger business. Bankruptcy is not the only option, but Colorado businesses who are struggling should consider it.
If your business has filed for bankruptcy or is considering bankruptcy, then you need a Parker bankruptcy lawyer on your side. Parker bankruptcy lawyer, Brian Daniel, will help you protect your business and determine if bankruptcy is right for you. For more information on bankruptcy please contact our office at 303-951-0233 for your Free Consultation. Let our Parker bankruptcy attorneys help you and your business during this difficult time.