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Declaring Bankruptcy in Michigan Does Not Have to be Painful
Every year, 43 percent of American families spend more than they earn. Many families will thus gain crippling debt, and bankruptcy is available only to some. Filings fell 182,000 in 2011 compared to 2010, but only because those who could benefit from bankruptcy were ineligible for it. For Michigan families considering bankruptcy, a bankruptcy attorney…
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In Some Cases, Filing for Bankruptcy can Provide Needed Relief
Unfortunately, the fact that there has been a downward trend in bankruptcy in Michigan does not mean that the economy is improving. Instead, it reflects the realizations that debtors might be realizing that bankruptcy is not a fiscal panacea. However, some individuals might still find that the Chapter 7 bankruptcy michigan offers is the only…