Largest Bankruptcy Drawing to a Close

The largest bankruptcy case in history is finally drawing to a close almost four years after it first began. The financial institution that once controlled a significant portion of the country's wealth filed for bankruptcy back in September 2008. It has taken years for attorneys to not only create a case for Chapter 11 bankruptcy, but to work with creditors and everyone else involved in the process.

The judge that has been overseeing the bankruptcy gave some much-needed good news to the company's legal team last week. Based on the rate of progress and cooperation between all parties, he estimates that the company can exit bankruptcy early next year.

Surprising even the hardest of lawyers, the judge choked up when he spoke about the bankruptcy case that dominated the past three years of his career. Once the company is able to exit bankruptcy, the creditors will finally start to see some of the money that has been owed to them for years.

If your business is failing and you are considering Chapter 11, contact the Malaise Law Firm now to get advice and assistance from a San Antonio bankruptcy lawyer from our team. We can evaluate your situation and help you move forward with the bankruptcy process.