Posts Tagged ‘Front Range’

Saab Automobile Files for Bankruptcy | Colorado Bankruptcy Attorney

Tuesday, December 20th, 2011

According to USA Today, the Swedish company Saab Automobile filed for bankruptcy Monday morning after many attempts at salvaging business deals to remain operational. The company had hoped to rely on investors from Russia and China but ultimately those business deals fell through. Negotiations between China and GM, owner of some of Saab’s technology licenses, were unable to satisfy everyone as GM was concerned about and Saab was forced to file for bankruptcy. The company remains hopeful that the company can be sold in its entirety but many experts are predicting the company will be sold in parts. GM, also under bankruptcy protection, has plans to wind down the Swedish company altogether.

Have you been considering bankruptcy as an option to reorganize your business? Contact a Front Range bankruptcy lawyer to further discuss your legal options.

Business bankruptcy rates are continuing to rise as the financial crisis continues on its course world wide. In Colorado alone almost 32,800 cases were filed in 2010 according to the American Bankruptcy Institute. Knowing that you have options when deciding your next financial move is important and filing for bankruptcy is an option that should be considered.

If your business is struggling to make ends meet and you are considering bankruptcy as an option then you need to contact a dedicated Colorado bankruptcy attorney. Filing for bankruptcy, whether for a business or as an individual, may be the best option considering many are able to bounce back from a processed bankruptcy claim. Understanding your options and filing for bankruptcy is a difficult and often a confusing process. Let the experience of a dedicated bankruptcy lawyer Brian Daniel help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Brian Daniel at (303)951-0233.

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Casa Bonita Filed for Bankruptcy – Front Range Bankruptcy Attorney

Thursday, October 13th, 2011

Casa Bonita has been a beloved restaurant amongst Coloradans since it was built in 1974. It is highly recognized within the state and has even been featured on popular television shows. It came as a shock to many when it was announced that the colorful restaurant had recently filed for bankruptcy. According to 9 News, Casa Bonita’s parent company, Star Buffet, had filed for chapter 11 bankruptcy. Chapter 11 bankruptcy is available to every business and permits the reorganization required under the bankruptcy laws of the United States. Chapter 11 bankruptcy also allows the organization to remain in control of its business operations. Because of this, Casa Bonita will remain open to the public and continue normal business operations. Casa Bonita is the only restaurant that Star Buffet owns in Colorado but they own 32 restaurants nationwide.

Has your business been affected by the economic downturn of our society? Contact a Parker chapter 11 bankruptcy attorney to further discuss your options.

With the economy being the way it is today, everyone is more cautious about their business finances. According to the United States Courts website, in 2010 the total number of chapter 11 bankruptcies filed was around 13,700. Of those filed, around 11,000 were businesses filing for chapter 11 bankruptcy. Knowing that you have options when deciding your next move is important and filing for chapter 11 bankruptcy is an option that should be considered.

If your business is suffering and you are considering bankruptcy as an option then you need the dedicated services of a professional Front Range chapter 11 bankruptcy attorney. Bankruptcy seems to be a forbidden topic in our society and is often misunderstood. Filing for bankruptcy does not mean your business is irresponsible, many businesses are able to come back from a processed bankruptcy claim. Filing for bankruptcy is a difficult and often a confusing process. Let the experience of chapter 11 bankruptcy attorney Brian Daniel help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Brian Daniel at (303)951-0233.

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Posted in Chapter 11, Chapter 13, Chapter 7, Corporate Bankruptcy, Parker, Personal Bankruptcy | Comments Off

Owner of 40 Colorado Papa John’s Locations Declares Bankruptcy – Colorado Bankruptcy Lawyer

Friday, September 30th, 2011

There are very few people who don’t feel the effects of the economic downturn over the past few years, but one might think that the owner of a popular pizza franchise would be able to weather the storm.  9News.com reports that, in an attepmt to do just that, PJCOMN Acquisitions, Inc, the owner of 72 Papa John’s Pizza franchises in Colorado and Minnesota, has filed for Chapter 11 bankruptcy.  The company, which owns 40 Colorado Papa John’s locations, has had its assets frozen by court order, including an employee payroll account.  The employees are hopeful for an order that the company’s Miami-based attorney expects to come at any time allowing the company to pay them.  In addition to the bankruptcy filing, PJCOMN is facing litigation from many of their drivers over issues of wages, and has filed suit against Papa John’s International.  Papa John’s International has called this suit frivolous.

Bankruptcy proceedings can become extremely complicated; if you are considering bankruptcy, you need the counsel of a Colorado bankruptcy attorney.  In the past few years, a large number of companies have filed for bankruptcy in order to reorganize, and in hopes of saving their businesses.  Some people may have a perception that filing for bankruptcy is what a company does as they go out of business, but in fact many businesses are successful at using Chapter 11 bankruptcy as a tool for keeping their doors open.  In the case of a company that owns a number of locations of a business, bankruptcy can help to at least keep some locations open.

If you are considering bankruptcy for your business, it is crucial that you speak with an experienced Colorado bankruptcy lawyer.  Brian Daniel is a bankruptcy lawyer who has worked with many Front Range businesses and individuals, and can help you understand the process as you work through it.  For more information, and a FREE CONSULTATION, contact Brian at (303)951-0233.  Brian can be there to help your business during these tough times.

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Posted in Chapter 11, Chapter 13, Chapter 7, Corporate Bankruptcy, Parker, Personal Bankruptcy | Comments Off