Contact Us

Bold labels are required.

NameThis field is required.


The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Simon, Fitzgerald, Cooke, Reed and Welch
Simon Fitzgerald, LLC
Louisiana’s Oldest Bankruptcy Law Firm
Free Case Evaluation
View Our Practice Areas

Louisiana bread and sandwich lovers may be glad about debt relief

Louisiana is home to street celebrations, Cajun cuisine and many specialty shops. Tourists and full-time residents alike patronize, as well as own many of the state's restaurants and pubs. Some businesses have stores in multiple locations; however, if sales are not as high as projected, it can lead to financial crisis and serious need for debt relief. 

That's basically what happened with a specialty shop that sells bread, sandwiches and salads. The owner was unable to sustain several stores because one of the locations was doing as good of business as needed to keep the enterprise afloat. The owner recognized a need for immediate debt relief. Thankfully he came up with a solution that enables him to remain in business, keep the doors open and lay the groundwork for a better financial future.

In situations like this, there are often several options. To determine which one is most viable can be challenging, which is why most business owners seek outside support. The man in this particular case worked out an alternate payment plan through Chapter 11 bankruptcy.   

The investor who agreed to take on the debt to pay back more than $800,000 to creditors, the IRS and other entities on behalf of the company also took over ownership of the shop. The previous owner will reportedly remain on-hand to manage the shop. Many customers will no doubt be thrilled that their favorite sandwich place will not have to close its doors; other Louisiana business owners facing similar financial crises may wish to pursue debt relief solutions by discussing their situations with experienced bankruptcy attorneys.  

No Comments

Leave a comment
Comment Information
Email Us For A Response

Office Locations

Shreveport Office
4700 Line Avenue, Suite 200
Shreveport, LA 71106
Fax: 318-868-8966

Map & Directions

Shreveport Office

Alexandria Office
1118 3rd Street
Alexandria, LA 71301
Phone: 318-224-0340
Fax: 318-868-8966

Map & Directions

Alexandria Office

Lafayette Office
2901 Johnston Street, Suite 202
Lafayette, LA 70503
Phone: 337-205-0492
Fax: 337-456-5465

Map & Directions

Lafayette Office