Who Can Help Me With Bankruptcy?

 

Something pretty significant happened on July 18th of this year in the world of municipal bankruptcy. The City of Detroit, MI filed for the largest municipal bankruptcy in history with an estimated debt of upwards of $18 billion. Detroit is the largest city to ever file for bankruptcy thanks to the recent economic woes that have affect the area. At its height around 1950, Detroit boasted a population of almost 2 million people with a thriving auto industry. Today, Detroit’s population is just over 700,000 and the once booming auto manufacturing business is a thing of the past. Prior to filing for bankruptcy, the city did everything possible to avoid financial ruin. That included hiring an emergency manager in an attempt to restructure the city’s debt with its largest creditors. That didn’t go as planned however and the filing went as planned. There is currently a legal battle brewing as to whether or not the city violated Michigan’s constitution related to pension payments so the bankruptcy is not official as of yet.

Detroit’s bankruptcy is obviously on a much larger scale, but it certainly mimics the bankruptcy proceedings of a regular person. Those who are considering bankruptcy in Coral Springs should first call the experienced lawyers of Brodzki Jacobs & Associates. A bankruptcy attorney can give you expert guidance on how to proceed with your financial situation. Much like Detroit, hiring someone to help work with creditors to come up with a viable payment plan can be an effective way to avoid bankruptcy. The  lawyers at Brodzki Jacobs & Associates have plenty of experience representing clients in all stages of bankruptcy. When it comes to filing for bankruptcy, having knowledgeable attorneys in your corner can go a long way in helping you reach a suitable compromise with your creditors.

Unfortunately, Detroit’s case won’t be resolved for a few more months as the Michigan court system oversees the legality of the bankruptcy filing. When you work with the lawyers of Brodzki Jacobs & Associates, you can rest assured that your case won’t last a second longer than it has to. We help our clients resolve their financial troubles through bankruptcy as quickly and effectively as possible so they can get their life back on track. Call one of our bankruptcy lawyers in Coral Springs today for more information how a skilled lawyer can assist your case.

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