Lehman Brothers Bankruptcy.

On September 15, 2008, one of the largest and most successful investment banks in the United States, the Lehman Brothers, filed for Chapter 11 bankruptcy protection.  This bankruptcy was the largest in the U.S. history to date. The company had to file for bankruptcy because the Lehman Brothers owed approximately $613 billion in debt.  Such high debt was the result of excessive and irresponsible borrowing and spending.

The Lehman Brothers’ bankruptcy proves just how easy it is to overspend.  The fact that a huge investment bank had to file for bankruptcy and was forced to pay back its creditors proves just how easily this can happen to anyone. Bankruptcy is a situation that erupts from years of hardships and difficult decisions, and is dealt with by all types of hardworking individuals. A bankruptcy attorney understands how to best deal with such conditions and can help anyone struggling. Call Elaine Fridlin, of Fridlin and Associates, at 718-372-4400 for a free consultation. Elaine will present you with all your options and help you make a full financial recovery in a short amount of time.

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ElaineFridlinEsq.

Fridlin & Associates, P.C. is a financial law firm for individuals and small businesses in metropolitan New York. If you or your business face a problem concerning bankruptcy, debt settlement, loan modification program, the sale and purchase of residential or commercial real estate, landlord/tenant disputes, enforcing your rights as a creditor, the sale and purchase of a business, or employment litigation, Fridlin & Associates stand ready to provide the solution that protects your best interests. We can help you: Eliminate Debt! Stop Foreclosure! File for Bankruptcy! Apply for a Loan Modification Program! Stop Wage Garnishment! Stop Lawsuits! Eliminate Judgments! Eliminate or Reduce the second mortgage on your home! Reduce the mortgage on your investment property to its fair market value! Eliminate your obligation to pay creditors and medical expenses! Eliminate business loans! Release Frozen Bank Accounts! Stop harassing phone calls! Please call 718-372-4400 today for a free consultation. We have appointments available Monday through Friday and your first visit is free. Fridlin & Associates, P.C., also provides legal representation on wage dispute matters under the Fair Labor Standards Act in both federal and state courts. Learn more about Elaine Fridlin and Fridlin & Associates here. If you’re interested in bankruptcy as a potential solution to your debt management problems, you can learn more about bankruptcy for both consumers and businesses here.

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