A Scottsdale businessman, who owns 54 Arby's restaurant locations in Arizona and one in New Mexico, is the leader of three limited-liability companies that have now filed petitions seeking bankruptcy protection.

The decision to file for bankruptcy comes from the down economy and nearly 42 of the restaraunts are in the Pheonix area and the rest are throughout the state. 

The bankruptcy filing will allow the owners to decide what can be done to save the stores or close the ones that are not making any profit.

If your business is seeking bankruptcy protection as an option to releive your debt, you need representation on your side that can help you through this difficult time. Contact the Arizona chapter 11 bankruptcy lawyers of the Harmon Law Office today by calling 480-829-0494 today.

Southern Montana Electric Generation and Transmission Cooperative filed for bankruptcy last week in Butte, Montana. The company, made up of five cooperatives, supplies power to about 65,000 residents in Montana.

According to reports, the 20 largest creditors are owed a total of $19.5 million and the largest claim is $7.6 million. The company listed assets and debts amounting between $100 million to $500 million. The bankruptcy filing allegedly came after a board meeting occurred and multiple board members walked out of the meeting because of a disagreement. The attorney who filed the petition has not yet responded to questions on the claim.

If you or a loved has been considering filing for bankruptcy, you need experienced representation on your side during this stressful time. Contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office by calling 480-829-0494 today. 

The parent company to Casa Bonita has filed for Chapter 11 bankruptcy protection.

Star Buffet Inc. is a Scottsdale, Ariz.-based company that filed for bankruptcy on Sept. 28. The decision to file for bankruptcy came after the company decided that they would be unable to pay a $723,489.02 judgement that was placed on the company.

Although the company is profitable, they have been unable to refinance certain mortgages until January 2012. Casa Bonita is a family-style eating restaurant that opened in 1974. Star Buffet currently owns and operates 31 restaurants and subsidaries.

If you or a loved one has been considering bankruptcy, you need experienced representation to explain all of your options. Contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office today by calling 480-829-0494.

A Tucson-based eating disorder clinic has recently filed for bankrupcty protection.

The treatment clinic, Mirasol Inc., owes $10,000 in client refunds. The company filed for Chapter 11 reorganization bankruptcy last month and listed between $1 million to $10 million in debts and between $500,000 and $1 million in assets. The 20 largest claims were split between five clients. 

If you or a loved one has been considering filing for bankruptcy, it is important discuss your case with an experienced attorney. Contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office by calling 480-829-0494.

Schomoac Group Inc. has filed for Chapter 11 bankrupty in an Arizona court. The company is the owner of Feather River Inn in Eastern Plumas County and owes the Plumas County Tax Collector money as well as multiple other businesses.

A family controls the Tuscon-based company and have filed the court papers. The papers show that among the 20 largest creditors is an attorney in the High Sierra Rural Alliance group.

The papers also show that the family owes $430,000 in back interest, property taxes and other penalities. Other local creditors include, Almanor Energy, Big Fish Creations, Portola Motor Parts, and White Cap Ready Mix. 

If you or a loved one are considering filing for bankruptcy, you need experienced representation on your side. Contact the Arizona chapter 11 bankruptcy lawyers of the Harmon Law Office today by calling 480-829-0494.

The owners of Avenue Bar in downtown Santa Cruz have announced that they have filed for Chapter 11 reorganization bankruptcy for their business. The couple that owns the bar originally filed for Chapter 13 reorganization bankruptcy in order to stop the foreclosure of the bar, but the amount of debt between the two exceeded the limit for that type of filing.

The couple owed more than $2.2 million for loans that were taken out for their business and their residence. Other loans were taken out for credit card bills and medical costs.

A few major creditors include First Horizon, Valley Community Bank, and an investor named Calvin Lee Jr. According to bankruptcy filings, the Avenue Bar generates $360,000 a year. 

If you or a loved one has been struggling financially with your business, contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office, LLC by calling 480-829-0494 today.