Bankruptcy filing saves sign company, We have all seen the bright displays throughout America. A good sign can make or break a business. Most would assume the sign companies are making record profits. The struggling economy has hit everyone hard. Even major businesses that never had problems before. A major sign company turned to a bankruptcy lawyer for help. It had no other choice. The life of the business was on the line. Options were explored. The solution was inevitable. A bankruptcy filing was the only way to save the sign company. White Way Sign and Maintenance company is a Chicago institution. They have done signs all over the Windy City. They have done signs for Chicago’s theaters and stadiums. Including the famous marquee for the Chicago Theatre. The company had their bankruptcy lawyer file a Chapter 11 bankruptcy. The company has been run by the same family since 1916. The company made and installed the video scoreboard for the Chicago White Sox. It also has put up the holiday signs on the famed Michigan Avenue. The bankruptcy filing lists between $1 and $10 million in assets. It has debts between $10 and $50 million. The bankruptcy lawyer is confident the Chapter 11 bankruptcy will save the company. The aim of the bankruptcy is to let the company shed its debt. The bankruptcy filing will let the company restructure. The debts include pension obligations as well as claims from vendors and customers. Everyone who lives in Chicago has enjoyed the work of this company. The family has run a fine business for almost 100 years. Bankruptcy was the only way to address the debts. The work of the bankruptcy attorney is very critical. Many in the city have grown up with the bright signs in almost every high profile location. Thanks to the bankruptcy lawyer, the company has hope. Hopefully the residents and visitors of Chicago will be enjoying the bright work of this company for many more years to come.
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