Washington Mutual Resolving Bankruptcy

Washington Mutual has reached a deal that will allow it to resolve its bankruptcy. Washington Mutual originally filed for bankruptcy in 2008 when worried depositors took out almost 10% of the deposits in a matter of days. The seizure and bankruptcy of the bank has had some controversy, with shareholders saying that there was a conspiracy in the failure of the bank. The new plan may bother shareholders because it will depend on the disallowance of billions of dollars in claims made by bondholders.

It's never easy to deal with a bankruptcy situation, so it is important that you understand the details if you find yourself filing for bankruptcy. You need to know that in this situation you do have rights that should be protected and can be protected if you take the right steps. Filing for bankruptcy does not have to be the end for you, but it can be the chance at a new beginning if you manage your situation properly.

By working with a bankruptcy lawyer, you will be able to move forward with a case knowing that it is being handled in the best way possible. It's in your best interest to work with an attorney who can guide you through this difficult process and ensure that your rights are protected. Please take some time today to contact a bankruptcy attorney and begin discussing the details of your case.