BANKRUPTCY SAVES TELEVISION SERVICES INSTALLER

Bankruptcy saves television services installer. A company that installs services that many enjoy had to go to a bankruptcy lawyer to save their business. UniTek Global Services, Inc. filed a Chapter 11 bankruptcy case in Wilmington, Delaware. The company employs 3,200 people. The bankruptcy filing is critical to not only keeping the company in business. It is also critical to the 3,200 employees who depend on their jobs to pay their bills. The company installs services for Comcast, DirectTV, AT&T, and other providers. The company not only installs cable and satellite television services. It also installs internet services. Many customers depend on them not only for entertainment. Businesses also rely on their services. The company has been in trouble for some time. In the bankruptcy filing, the company lists debts of over $186 million. Assets only amount to just over $3 million. The company reports more than $400 million in yearly sales. However, the company has been losing money since 2008. The company hopes the bankruptcy filing will permit it to restructure its debt. The work of the bankruptcy attorneys in this case has a lot at stake. The survival of a company. 3,200 jobs. People who rely on their services. All would benefit if the bankruptcy can succeed. If the company can come out of bankruptcy with less debt, it can become profitable. Securing the company’s future for a long time. A bankruptcy can not only help a company with $400 million in yearly sales. Individuals facing mounting debt also benefit from bankruptcy. Just like big business, debt can overwhelm anyone. A bankruptcy attorney can discuss your options with you. Bankruptcy could be the right choice for you. Who knows. A brief consultation with a bankruptcy attorney could get your money problems under control. Just like a big company like UniTek Global Services, Inc, you could come out of bankruptcy on better footing. A fresh start could be just a phone call away.