Creditors file involuntary bankruptcy against car dealership

by DeLadurantey Law Office, LLC on February 29, 2012

Earlier this month, three creditors filed an involuntary bankruptcy petition against the Don Jacobs Mitsubishi car dealership in Milwaukee. The car dealership is currently closed.

The Chapter 7 bankruptcy filing was filed against Don Jacobs Imports, LLC, and claims debts of approximately $47,000. The creditors filed the bankruptcy in an attempt to stop a lawsuit from being filed against the car dealership by Boucher Automotive Group.

Chapter 7 bankruptcy petitions can be a new start for individuals and businesses with the elimination of unsecured debts. In addition, under Chapter 7 bankruptcy, debtors can rebuild their credit.

To learn more about Chapter 7 bankruptcy, contact the Milwaukee Chapter 7 bankruptcy attorneys of DeLadurantey Law Office, LLC at 414-377-0518 today.

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