Many of the media talking heads have expressed some surprise that the bankruptcy judge has given the City of Detroit permission to proceed with the bankruptcy. Several hundred people and entities objected to the fact that the bankruptcy was filed and basically argued that it would not be fair to them. Neither the press nor the individuals who objected really understood bankruptcy. Many individual who seek help from a bankruptcy attorney are similarly worried that the creditors can “stop” them from filing. It does not work that way. Bankruptcy is viewed from the perspective of the person or entity which needs help. So, in the Detroit case the judge reviewed the facts and determined that the only solution for the City of Detroit is to proceed with the bankruptcy.
If you are in a bad financial situation where you cannot escape your finances without help, see a qualified bankruptcy attorney. At Bailey & Galyen, we care about the situation you are in and will try very hard to help you out. Will bankruptcy work for everyone? Absolutely not. That is why we offer a free, no-obligation appointment. We will go over the facts of your individual case and let you know what options are available. We will give you non-bankruptcy options as well.