SOUTH FLORIDA BANKRUPTCY LAWYER SAVES MALL

South Florida bankruptcy lawyer saves mall. A South Florida shopping mall was facing foreclosure. The only way it could be saved was by filing a bankruptcy case. Grove D Plaza is a shopping center in Boynton Beach, Florida. It is located in Palm Beach County. The mall was hit with a foreclosure suit by a subsidiary of BBX Capital Corporation. The owner of the mall was in desperate straights. There was only one choice to save the mall. Visit a South Florida bankruptcy attorney. The result of that consultation resulted in two actions to save the mall. The mall’s owner filed a lawsuit against the lender. The other action was the filing of a Chapter 11 bankruptcy case. The Chapter 11 bankruptcy case was filed in West Palm Beach. The mall’s owner ran into trouble due to the terms of the loan. The interest only mortgage was made for $2.8 million in 2008. It now is over $5 million. The fate of the mall now relies on the outcome of the bankruptcy case. This is often the case in bankruptcy cases. Not just for corporations. Individuals often have to turn to bankruptcy lawyers in similar cases. Homeowners behind on their home payments can find relief under the Bankruptcy Code. Whether you want to keep your home or surrender your home are factors to consider. That and other factors will determine what bankruptcy chapter is best for you. People often get confused when thinking about filing either a Chapter 7 or a Chapter 13 bankruptcy. There is no need for confusion. The answer is simple. Do what a South Florida Mall owner did. Contact an experienced South Florida bankruptcy lawyer. Explore your options. Learn to understand the differences between the chapters of bankruptcy. Learn which chapter could help you. There is hope for those facing foreclosure. Just ask the owner of Grove D Plaza.