South Florida Bankruptcy Lawyer

In the single largest casualty of the faltering US economy, Buffets Holdings Inc. filed for bankruptcy on Tuesday. Buffets, one of the biggest restaurant chains in the country, blamed the drop in consumer spending, mostly triggered by recession fears, for its financial woes. It reported total debt of $1.15 billion and total assets of $963.6 million, as well as an inability to find a loan on sufficiently favorable terms. The company, which employs over 36,000 people nationwide, serves approximately 3.8 million customers every week.

Financial trouble can hit anyone, from large companies to individual people. The Boca Raton bankruptcy attorneys at Eric N. Klein and Associates are dedicated to helping you in your time of financial need.