Latest News 2011 October Receiver Files Bankruptcy Plan

Receiver Files Bankruptcy Plan

The receiver of Central Falls, Rhode Island has reportedly filed a new bankruptcy plan. According to reports, the receiver filed a plan to plug the huge budget deficit in order to move forward. The city is reportedly the smallest and most densely populated one in the state. The city originally filed for bankruptcy back in August after dealing with unfunded pensions and retiree health benefit liabilities of $80 million.                            

No one wants to file for bankruptcy, but there are cases in which this is the best decision for a person or company to make. You should understand the process of filing and go about it in the correct manner so that your case is resolved in the best possible way. You do not want to have to suffer further as bankruptcy can be a new beginning for your life. By working with a bankruptcy attorney you can proceed forward with your case in the most beneficial way. You deserve to be able to move forward with your life and a lawyer will be able to help you with just that if you begin discussing your case today. An attorney will know how to handle all aspects of your case including any necessary court proceedings. Please take some time today to contact a bankruptcy lawyer who will always have your best interest in mind during this difficult time.