Traverse City is a city in the U.S. state of Michigan. It is the county seat of Grand Traverse County, although a small portion extends into Leelanau County. It is the largest city in the 21-county Northern Michigan region. The population was 14,532 at the 2000 census. In 2008, the Traverse City micropolitan area was estimated to have a population of 142,316. Despite its modest population, Traverse City functions as the major commercial nexus for a seven-county area totaling over 2,700 square miles (7,000 km) and, along with cross-peninsula counterpart Alpena, is one of Northern Lower Michigan's two anchor cities. Traverse City is the "Cherry Capital of the World," holding an annual week-long Cherry Festival the first full week in July to celebrate. Besides cherries, the surrounding Tuscany-like countryside produces grapes, and is one of the centers of wine production in the Midwest. Tourism, both summer and winter, is another key industry. Freshwater beaches, a mild summer climate, upscale golf resorts, vineyards, a nearby National Lakeshore, prodigious snowfall, nearby ski resorts and thousands of square miles of surrounding forests make Traverse City (based on AAA's 2005 TripTik requests) the second most popular tourist destination in the state behind Mackinaw City. In addition, the historic downtown area of Traverse City is the home of many shops, restaurants, and offices. Traverse City is a home rule charter city under the Home Rule Cities Act, incorporated on May 18, 1895. The city is governed by six commissioners and a mayor, elected at-large. Together they comprise a seven-member legislative body. An appointed city manager serves as chief executive for city operations.

Business Bankruptcy Law Lawyers In Traverse City Michigan

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What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Michigan

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. § 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...