The current state of the economy has lead to U.S. cities filing for bankruptcy in order to deal with the debt and lack of revenue.
Bankruptcy analysts have stated that nearly 100 cities may be nearing this option. Two large municipalities Jefferson County, Alabama and Harrisburg, Pennsylvania have recently filed for bankruptcy.
A city in California, Vallejo, recently just emerged from bankruptcy. They still have some debt remaining, but are now equipped to handle them better.
If you or someone you know is struggling with debt and are considering filing for bankruptcy, you need representation on your side that can discuss all of your options. Contact the Birmingham bankruptcy lawyer Paula Greenway by calling (205) 324-4000 today.