The state of Michigan saw 56,000 bankruptcies in 2011. Almost 85 percent of the people who filed for bankruptcy in Michigan filed a Chapter 7. Debtors are beginning to see that filing for bankruptcy is not a fiscal panacea however, and less bankruptcies being filed now may be an indicator of an improved economy. Still, about 43 percent of all Americans spend more than they make. Plenty of organizations have had to file bankruptcy too, even the Pittsburgh Penguins.
Just think how terrible it would be to have your wages garnished. It does happen to some people though when they can’t pay their bills. Wage garnishment can be extremely harsh on people who are living from paycheck to paycheck. People who are experiencing garnishment Michigan can go and find the help they need to get a wage garnishment stopped if they will go and talk to bankruptcy attorney Michigan.
Foreclosure is also a reason people may be considering filing bankruptcy Michigan. A Flint bankruptcy attorney can help homeowners who have received a foreclosure notice by giving them legal advice that they need. Filing bankruptcy is an option, because when you are filing bankruptcy in michigan it puts an immediate pause on the foreclose process. Talking to a Flint bankruptcy attorney can give the homeowner the time they need to come up with the finances to catch up on their mortgage payments. This is just one benefit of hiring a Flint bankruptcy attorney. There are many others.