CIB Marine Bancshares Inc., the holding company that operates Marine Bank, reported the first positive financial results for the company since the beginnings of a downward spiral beginning in 2002 that eventually led to their declaration of bankrupcty in late 2009. The rapid turn around is a result of a pre-packaged plan of bankruptcy reorganization.
According to John Hickey Jr., CEO and chairman of CIB Marine Bancshares, the company will continue to post positive financial results and will only be stronger in the future.
Careful spending and adherence to a financial plan can allow for the recuperation of bankrupt assets and recovery from bankruptcy. If you are experiencing bankruptcy issues, contact the Milwaukee bankruptcy attorneys of the DeLadurantey Law Office, LLC, at 414-377-0518 to discuss your options.