A local restaurant owner has filed for Chapter 7 bankruptcy after the closing of two Ohio restaurants earlier this year because of financial issues.
The man filed for personal bankruptcy in the U.S. Bankruptcy Court in Toledo and listed his assets as $559,500 and his liabilities as $3,077,359. The man cited that the restaurant closures were due to low attendance and these failed ventures were a large reason why the man decided to file for bankruptcy.
The reason this filing was not in a business bankruptcy category was because the man also had personal debt cited. Although he has filed for bankruptcy, he has stated that the steakhouse he owns will remain open.
If you or a loved one has been struggling financially and discussing bankruptcy as an option, you need representation on your side that can help make this situation less stressful. Contact the Florida Chapter 7 bankruptcy lawyers of Ryan J. Really, Attorney at Law, PLLC by calling (239) 237-0675 today.