FirstPlus Financial Group filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The company cited expenses from litigation and a lack of revenue from subsidiaries as the primary causes of the filing.
FirstPlus Financial listed assets in a range between $10 million and $50 million and liabilities in a range between $1 million and $10 million. The length of time that the restructuring will take was unreported.
If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.
