Happy New Year!
January is typically one of the busiest times of the year for a
Michigan Bankruptcy Attorney. Since the underlying philosophy of a bankruptcy filing is to obtain a
'fresh start' - this really shouldn't come as a surprise.
It is understandable that sometimes it's easier to try to forget our
problems than to deal with them. However, there's something about
flipping the calendar over to the new year that resonates with those enduring
financial difficulties. After all, who want's to spend another year
of harrassing creditor phone calls or having a paycheck garnished?
Michigan Bankruptcy Attorney may also find it easier to determine your eligibility to file under
Chapter 7 in January. This is because your most recent paystubs will likely have
a final year to date gross income figure for the year that just ended.
Chapter 7 eligibility is determined by your 'means test' score - which is essentially your pro-rated annualized gross income
figure. So if we can take a quick look at what your gross earnings were
for the year that just ended, then we can in most situations, almost immediately
determine if we're looking at a potential Chapter 7 filing or if we
should instead be considering
So if you're experiencing financial hardship - there's no time
like the beginning of the New Year to stand up to it.
Here's to 2012!