The company that owns Spanish Peaks, a private golf and ski resort, has filed for Chapter 7 bankruptcy on Friday.

Spanish Peaks Holdings II filed in a Delaware court just days after announced that the ski resort will be closing and its employees were to be laid off. Spanish Peaks has had multiple legal issues and financial trouble in the past.

According to the bankruptcy filing, the company has between 100 and 199 different creditors, many of them are local businesses. Chapter 7 bankruptcy often prevents creditors from suing  you, garnishing wages and demanding payment through phone calls. The company has between $1 million and $5 million in liabilities.

If you or a loved one has been in considering filing for bankruptcy, you need representation on your side that will help you answer all of your questions. Contact the New Orleans chapter 7 bankruptcy lawyers of the Law Office of David D. Kervin Jr., LLC by calling 504-599-5906 today.

Nationwide bankruptcy filings reached their highest levels of the last five years between April and June, according to government data released last Wednesday. This represented an increase of 11 percent from the same time period in 2009.

422,061 bankruptcy filings were reported during that time period this year as opposed to 381,073 during the same time frame in 2009. Filings between January and March of this year numbered 388,148.

Quarterly filings have not exceeded 400,000 since a record 667,431 were filed in the fourth quarter of 2005.

Consumer bankruptcies jumped 21 percent, to 1.51 million, from the same time last year.

If you find yourself in this unfortunate position, contact the New Orleans Chapter 7 bankruptcy lawyers of The Law Offices of the Law Office of David D. Kervin, Jr., LLC at 504-599-5906 as soon as possible to discuss your financial options.

The number of personal bankruptcy filings decreased in May. According to information compiled by the National Bankruptcy Research Center, personal bankruptcies totaled 136,142 last month.

While personal bankruptcies declined 6% from last month, they were 9% greater than the number of filings in May 2009. Many of the personal bankruptcy filings are likely due to the poor economic conditions and the high unemployment.

If you are considering filing for bankruptcy, contact the New Orleans personal bankruptcy attorneys of the Law Office of David D. Kervin, Jr., LLC, at 504-599-5906.