Former Car Dealer Files for Bankruptcy

Former car dealer Michael Holley has reportedly filed for Chapter 7 personal bankruptcy. According to reports, the man has about $31.5 million in debts that will allegedly be settled through the filing. With Chapter 7 bankruptcy, he will be able to liquidate assets in order to pay off his debts. Further details about the bankruptcy filing are unavailable at this time.

Anyone at any time can find themselves needing to file for bankruptcy, whether personal bankruptcy or as a company. You need to know that these matters can be resolved in a beneficial way if handled properly so that you are able to move forward with your life. You do have rights to protect during this difficult time, but it's important that you take the correct steps to do so. Filing for bankruptcy does not have to be the end, but can be the chance at a new beginning when you make the right choices. 

With the help of a bankruptcy attorney, you can begin to resolve this matter and get your life back together. A lawyer will know how to best approach your situation and all aspects including any court proceedings. You can count on an attorney to always have your best interest in mind while settling your bankruptcy situation. Please take some time today to contact a bankruptcy lawyer and begin discussing the details of your case now.