Visteon Bankruptcy Plan Helps Retirees

The proposed bankruptcy plan from Visteon will enable to company to maintain its pension plans covering its retirees. This new plan has improved on the previous one that proposed handing the pensions to the federal government which would have resulted in reduced benefits. However, some of the retirees will still face sacrifices due to the reorganization such as losing their health insurance.

It's never easy to find yourself in the position of needing to file for bankruptcy. When you do file for bankruptcy, it can be a complicated process that you may not fully understand, but it is crucial that everything is done correctly so that you do not suffer in the long run. It's difficult to face bankruptcy, but you do have rights to protect and options in pursuing this matter in the most beneficial way possible. With the help of a bankruptcy attorney, you will be able to move forward from this situation and get your life back together. You can count on a lawyer to always have your best interest in mind while fighting to protect your rights. An attorney will know what to expect with your case and how to handle any difficulties such as court proceedings. Please take some time today to contact a bankruptcy attorney and begin discussing your case.