Struggling with Crippling Amounts of Debt? Know Your Options

Written by Channel 8 News Reno. Posted in Filing bankruptcy in michigan, Michigan bankruptcy lawyer, Sterling heights bankruptcy attorneys

Bankruptcy in michigan

It is not easy to get up again after hitting rock bottom. Bankruptcy is the light at the end of the tunnel. It gives debtors a chance to cast off old debts and mistakes, and begin anew. How are more families and businesses leaving behind old debts, and starting over?

Chapter 7 Bankruptcy

Chapter 7 bankruptcy eliminates all debts, except for child support and taxes. When businesses and corporations go under, they typically choose Chapter 7 as an out. New, small, and tanking businesses are all too familiar with Chapter 7. The Pittsburgh Penguins, though, made waves as the first and only sports franchise to dec