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Bankruptcy May Be Your Option

October 2016 Archives

Restaurants close stores, seek bankruptcy protection

Depending on location, those in Oklahoma who are seeking to eat at a restaurant have several options. While such choice is good for consumers, an overloaded market makes it more difficult for restaurants to achieve financial success. In fact, many restaurant chains have found themselves struggling in 2016, including Old Country Buffet, Bob Evan's, Logan's Roadhouse and Ruby Tuesday, and have opted to close several locations and/or seek bankruptcy protection.

Credit counseling part of personal bankruptcy

Many people in Oklahoma find themselves struggling with debt. Because of the unexpected loss of a job or medical bills, they often have trouble keeping their heads above water, financially speaking. While they are willing to work hard to meet their financial obligations, many are left unable to pay their bills and the basic necessities of life. As a result, they spend a great deal of time examining their options and often come to the conclusion that the best course of action for their circumstances is to file for personal bankruptcy.

Dispelling personal bankruptcy myths in Oklahoma

Many in Oklahoma carefully plan for the future. They work hard to bring home a paycheck every week and save for retirement. Unfortunately, despite their efforts, they may find themselves without a job or requiring extensive medical treatment. Both scenarios can put a serious strain on a person's finances, a strain that is sometime difficult from which to recover. The Colpitts Law Firm can help those facing such struggles understand their options, including personal bankruptcy, helping them learn the truth about certain myths associated with such legal action.

Pharmaceutical company requests Chapter 7 bankruptcy

Each business in Oklahoma likely has its own mission. Regardless of the mission, however, all likely want to achieve some degree of success and, as a result, work hard to meet business-related goals. Unfortunately, some companies, even those with the most noble of intentions, struggle financially and seek debt relief by filing for Chapter 7 bankruptcy.

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