It may come as a surprised to you that Donald Trump filed bankruptcy 4 times. Bankruptcy actually has benefits that a lot of people consider to be a fresh start. If you are wondering when to file bankruptcy, you are not alone. Even the Pittsburgh Penguins filed for bankruptcy, not once, but twice. It is important to know that nobody is immune to financial problems. New studies performed by the Institute of Financial Literacy discovered 27 percent of all those who filed for bankruptcy hold a bachelor’s degree. As you can see, even people with a higher education deal with financial problems.
Learning when to file bankruptcy is the first step towards gaining a new fresh start at building your credit. Bankruptcy lawyers in michigan make it their mission to help people who face more debt than total assets combined. If you currently owe more money in debt than the value of your total assets, now may be the perfect time to hire a bankruptcy attorney michigan. If you are already dealing with negative credit ratings, you may need to file for bankruptcy to get a fresh start. Chapter 7 bankruptcy involves liquidation, which includes turning in an individual’s assets to pay off debt. Finding out when to file bankruptcy should be a top priority if you are struggling financially.
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