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Postal Service Faces Bankruptcy

One of the greatest institutions of our nation, the postal service, is in danger of filing for bankruptcy.

In an effort to hold off on business bankruptcy, the U.S. Postal Service is taking measures to increase revenue over the next year. Starting January 22nd, rates for the agency's two most profitable services will increase. Customers using express mail and priority mail will now spend a higher flat rate boxes and letters. In the past, customers were asked to pay based on the weight of the package.

In total, customers will see an estimated 5 percent increase. Although the price hikes have not yet been completely approved by the Postal Regulatory Commission, it is likely that they will go into effect next year. Without taking serious measures like these, the postal service may fold due to serious competition from private mail carriers.

Are you contemplating business bankruptcy? If so, contact Bizar & Doyle, LLC now to review your financial options with a Chicago bankruptcy lawyer from our law office today.

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The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100