Posts Tagged ‘Parker Bankruptcy Attorney’

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.

Return to Hompage

Bookmark and Share

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

Even the Wealthiest Counties in Colorado Are Experiencing Bankruptcy – Colorado Bankruptcy Attorney

Saturday, April 30th, 2011

As Parker, Colorado, and the rest of the state slowly grinds through the “jobless recovery,” workers in some of the once-wealthiest areas are being forced to take refuge in bankruptcy. As highlighted in a recent KDVR Fox 31 story, many hardworking Douglas County residents are struggling through the difficult decisions of bankruptcy, even in an area whose residents enjoy a median annual income of about $100,000, one of the nation’s highest.

According to Federal Court statistics for Colorado, there were more than 7,000 new bankruptcy filings in our state during the first three months of 2011 alone. And, from anecdotal reports in different communities, it seems that bankruptcies are increasing among our region’s middle-class families.

Colorado bankruptcy attorneys have worked diligently to educate state residents regarding the availability of debt relief for people who deserve to have a second chance at the American Dream. In most cases, a savvy Parker bankruptcy attorney can help protect assets and work to neutralize or reduce debt so that people financially crippled by the recent recession can receive the relief they deserve.

If you or a family member suffers from debt that negatively affects your life, an experienced Parker bankruptcy lawyer can help you plan for a better financial future and remove your burden of stress, by helping you shed unjustified debt. To take the first step toward debt relief, call Parker bankruptcy attorney, Brian Daniel, today at (303) 951-0233 to schedule your free consultation.

Tags: , , , , ,
Posted in Chapter 11, Corporate Bankruptcy, Parker | Comments Off

Colorado Springs Asking for Change of Venue – Parker Bankruptcy Lawyer

Wednesday, November 24th, 2010

According to Bloomberg News, The city of Colorado Springs is asking for a change of venue in the reorganization of the Banning Lewis Ranch community. The case is currently being heard in Delaware, but the city of Colorado Springs has filed a motion to have the proceedings held in Colorado, where the property is located. Banning Lewis filed chapter 11 in late October to restructure debt on the 21,000 acre project northeast of Colorado Springs. The city contends that the case does not belong in Delaware because the property is in Colorado as well as the management company and majority of the creditors. The petition said that property assets are worth more than $50 million while debt exceeds more than $100 million.

It appears that 2010 is going to be a bad year for business bankruptcy filings. According to Abiworld.org, there were a total of 60,837 businesses that filed for bankruptcy in 2009. So far for 2010, there have been 43,016 business filings in the United States.

Have you filed for bankruptcy? A knowledgeable Parker, Colorado bankruptcy lawyer can provide valuable guidance through the bankruptcy process and help you to maintain most or all of your assets. If you are facing a complicated legal issue, reach out to The Daniel Law Firm. We take great pride in serving clients all over Colorado. Let us discuss with you the best strategy for moving your case forward in both a positive direction and timely manner. Call us today at (303) 951-0233 and receive a free consultation.

Return to our Homepage


Bookmark and Share

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

EchoStar Looks to Become Majority Owner of TerreStar – Parker Bankruptcy Attorney

Monday, October 25th, 2010

The Denver Business Journal has reported that Douglas County based EchoStar Corp “will become the majority owner of the reorganized TerreStar Networks if a judge approves the satellite company’s bankruptcy reorganization.” TerreStar filed for reorganization on October 19th in New York. The company cited “more than a $1 billion in debt and no substantial revenue.” EchoStar has loaned millions to the struggling company and has pledged millions more to “backstop” its “emergence from Chapter 11.” At this time, it is not clear how, if at all, TerreStar’s parent company, TerreStar Corp., will be affected by this reorganization. TerreStar is set to launch a nationwide mobile phone service soon and speculation suggests that EchoStar wants in on the mobile phone business. TerreStar’s assets include “one operating satellite, one 95 percent-built satellite and broadcast frequency licenses estimated to be worth more than $300 million.”

Chapter 11 bankruptcy, as explained by the Administrative Office of the U.S. Courts, involves a debtor proposing a “plan of reorganization to keep its business alive and pay creditors over time.” Chapter 11 is primarily used by businesses but may also be used by individuals to create a plan for paying creditors. As the above explanation suggests, the purpose of Chapter 11 for a company like TerreStar is to payoff debts and ultimately keep the business operational. A bankruptcy procedure like this is a complicated matter involving the courts and requires the expertise of a bankruptcy attorney.

If you or someone you know is struggling to payoff business or individual debt and are thinking of filing for bankruptcy, you need the expertise and experience of a Colorado bankruptcy lawyer on your side. Brian Daniel has years of experience working on bankruptcy cases in Colorado and he will put his expertise of the law to work for you. For a free review of your case, call his office today at (303) 951-0233.

Return to Our Home Page

Tags: , , , , , ,
Posted in Chapter 11, Corporate Bankruptcy | Comments Off