Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

A Home Town Favorite Gets Back on Its Feet

Every news source in town is reporting the good news: Charter has emerged from bankruptcy. They have cut their debt by $8 billion. The St. Louis-based cable company had been suffering under $21.7 billion of debt and been unable to get refinancing, like so many of the homeowners across America.

So, what now? It seems that Charter is more determined to be better than ever. They will apply for a listing on the Nasdaq in 45 days (or so) and continue to serve their 4.9 million customers in 27 states. What can we learn from Charter? Their bankruptcy is a great example of what bankruptcy is really meant to do.

Charter has reinvented themselves and emerged a stronger company who is less downtrodden with debt. They are ready to improve their service and start turning a profit. Their bankruptcy is just another example of how refreshing it can be too eliminate debt and start over. It is no different for people like you and me. Bankruptcy is a new beginning—It’s a powerful tool that lets you rediscover exactly who you want to be and create the best path to getting there.

Still not sure bankruptcy is the right move for you? You can request a free copy of my book, “Get Out of Debt: Secrets Your Creditors Don’t Want You to Know,” and learn more about the warning signs of too much debt, the options for eliminating it, and how to avoid the most common mistakes that you can make when you are under it.