Detroit bankruptcy case ending. The largest municipal bankruptcy in the history of the United States is finally coming to and end. The city will be saving a ton of debt. The hard work by the bankruptcy lawyers involved is giving this great American city a fresh start. To the citizens of Detroit, this is great news. A federal bankruptcy judge made a key decision today. Federal judge Steven Rhodes confirmed the city’s plan to end the Chapter 9 bankruptcy. Thanks to the hard work of bankruptcy lawyers, this great American city is getting a fresh start. They will be shedding debt. Hopefully this bankruptcy decision will put Detroit back on the path to prosperity. The bankruptcy case will allow Detroit to escape from $7 billion in debt. Creditors will not be able to collect on the forgiven debt. Retirees of the city will have to take a 4.5 percent cut in their pensions. They will also not get cost of living increases. The city has lost half its population since 1950. It could no longer afford the bills it owed. The residents of the city will be winners thanks to the bankruptcy attorneys. The bankruptcy will set aside $1.7 billion over the next 10 years to make Detroit better. The city will upgrade services and increase public safety. The city will also tear down the many blighted buildings that are all over the city. The bankruptcy has also saved the Detroit Institute of the Arts. The museum will no longer have to sell off its famous art collection. The collection is valued at $867 million. All this news is wonderful. The city can now attract businesses and people back to the city. With debt out of the way, the city can provide the services needed to keep the city great. Bankruptcy lawyers worked very hard on this case. That hard work has finally paid off. Detroit’s long climb out of debt finally has a light at the end of the tunnel.

The Butler Law Firm PA serves all individuals living in South Florida and residing in Broward County, Palm Beach County, and Miami-Dade County; moreover we have worked for, counseled, or filed bankruptcy for individuals living in the cities of: Aventura, Boca Raton, Boynton Beach, Coconut Creek, Coral Gables, Coral Springs, Cutler Bay, Dania Beach, Davie, Deerfield Beach, Delray Beach, Doral, Fort Lauderdale, Ft Lauderdale, Greenacres, Hallandale, Hialeah, Hollywood, Jupiter, Lantana, Lauderdale Lakes, Lauderhill, Miami, Miami Beach, Miami Gardens, Miami Lakes, Miramar, North Miami, North Miami Beach, Palm Beach Gardens, Palm Springs, Palmetto Bay, Pembroke Pines, Pinecrest, Plantation, Riviera Beach, Royal Palm Beach, Sunny Isles Beach, Sunrise, and West Palm Beach.

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