Panama City, Panama (PRWEB) May 31, 2013
FOR IMMEDIATE RELEASE
Media Contact: Nicole Lewis
NEWLAND INTERNATIONAL PROPERTIES CORP. RESTRUCTURES DEBT TO ENSURE A STRONGER FUTURE
Newland International Properties Corp. (Newland), announces the confirmation of its Chapter 11 reorganization plan. Newland will complete the transactions contemplated by the reorganization plan as soon as possible. The Chapter 11 process provides businesses the ability to restructure, allowing the company to reemerge as a financially strong and sound entity.
Newland’s properties will continue operations at the same level of service; the restructuring only affects the bonds and not the building. This restructuring of debt provides organizations like Newland the opportunity to continue all normal operations under the same management while simultaneously re-organizing the debt to lower and extend agreed payments over a longer time period.