America is seeing an ailing economy that it hasn’t seen in years. With foreclosures on the rise and property value declining, the common person is finding it ever so difficult to keep up with the financial climate. Fears of inflation and a bear market is striking fear in citizen across the nation. Even big restaurant chains are feeling the heat.
Most recently, Bennigan’s and Steak & Ale filed for bankruptcy. The company plans to close all locations. Not only is the company hurt, but its employees must suffer the consequences as well. The move will potentially put thousands of people out of work, as there are more than 300 locations across the country.
This move will not affect franchise stores. Bankruptcy is a suitable option for mounting debt that will never seem to go away. If you think it is something that you might be interested in, consider talking to a bankruptcy attorney to explore your legal options. Call the law office of West Palm Beach bankruptcy lawyer Eric N. Klein at 516-353-2500.
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