An article from Crain’s Detroit Business

Perhaps situations aren’t as bad as they seem! Reportedly, Michigan bankruptcy cases are down quite a good amount. “The government says new filings last year were down 13 percent in bankruptcy courts in eastern and western Michigan”. Compared even to 2009, filings have gone down by a whopping 28 percent. It seems that Michigan’s bankruptcy situation is beginning to mirror what’s been happening nationally, since new bankruptcy cases were down by 13 percent across all 50 states as well.

 

Credit to original article: http://bit.ly/WrUZOd