San Jose, California Bankruptcy

San Jose, California is the tenth largest city in the United States and recently declared bankruptcy. The city has faced a number of fiscal challenges over recent years resulting in an unsustainable budget deficit. San Jose’s bankruptcy filing is the largest by any city since Detroit filed for Chapter 9 protection in 2013. City officials have been working around the clock to resolve their financial woes, but the situation has become increasingly dire as pension costs and other expenses continue to rise.

The city’s financial crisis was exacerbated by its decision to borrow $650 million through municipal bonds for a variety of projects that were viewed as too risky. These investments left San Jose unable to meet its financial obligations without making drastic cuts or increasing taxes, both of which would be politically unpopular moves.

The Law Offices of Omar Zambrano has already helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706