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Lehman Brothers revises bankruptcy plan

International financial firm Lehman Brothers Holdings, Inc., has revised the details of its bankruptcy plan. The new plan is expected to allow for a faster and more complete financial recovery.

Lehman Brothers declared bankruptcy in September 2008 under Chapter 11, the largest bankruptcy in U.S. history. Its divisions and properties were then divided and sold to other financial services companies.

Prior to the bankruptcy filing, the company was reportedly modifying its balance sheet to appear more stable than what the real numbers indicated.

If you are having trouble paying for your bills and are seeking financial relief to restart your finances, our Birmingham bankruptcy attorneys can help. Contact the Greenway Law Firm, LLC, today by calling (205) 324-4000.

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

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