Bankruptcy happens to the best of us. Even billionaire Donald Trump has filed for bankruptcy not once but four times over the course of his professional life. The iconic Pittsburgh Penguins NHL team have had to file for bankruptcy twice as well, once in 1975 and then again in 1998. On a more relatable level, 1 out of 70 households in America files for bankruptcy. This really drives home the need for a Michigan bankruptcy attorney.
Even though bankruptcy could happen to anyone, it still hurts when it does. Fortunately, filing bankruptcy in Michigan is relatively painless, provided people work with experienced bankruptcy lawyers in Michigan. Experience is crucial here, since the laws are always changing. Not every bankruptcy attorney Michigan has available keeps up with the laws, so finding one that does is essential for people in dire financial situations. A Michigan bankruptcy lawyer who keeps up with these rules needs to be contacted when financial situations do get dire.
Not every bankruptcy attorney Michigan has available will return clients to the black, but most will. These bankruptcy attorneys in michigan will stop wage garnishments, liens and civil judgments against their clients by helping them to file. This eases the burden a bit while the process goes through. Also, when helping clients file Chapter 7 bankruptcy, almost every bankruptcy attorney michigan has available will help clients liquidate assets, which then are used to help pay down debt and return clients as close to black as they possibly can.