Use Chapter 7 to Save Your Assets
Chapter seven of the bankruptcy files are the most common types of bankruptcy files that are issued. In fact hundreds of such bankruptcy files are issued every year in the American federal courts.

A Westland Michigan Bankruptcy Lawyer is the best person to give you the details and the pros and cons of this particular chapter. Nevertheless, this chapter is perfectly suited for big industries and corporate houses. In case a corporate house or a big business is not performing very well, and has gone into a lot of debt, the owners or the directors can file a bankruptcy issue with the courts.

Almost immediately a trustee is appointed who takes in charge of the assets of the company. He may sell partial or all of the assets to be able to recover some amount of money and distribute it within the company. This might mean that many people would loose their job as well.
A Westland Michigan Chapter 7 Bankruptcy Attorney is the perfect person to help you with all the proceedings and undertakings of this particular chapter. He is the one through whom the company files a legal suit and can make proper decisions regarding the liquidation of the resources.

Call Firebaugh and Andrews to get your free evaluation. 734-722-2999