Learn More About Business Bankruptcy Law in Pelkie, Michigan

Pelkie is an unincorporated community in Baraga County in the U.S. state of Michigan. The community is on the Sturgeon River in the northeast part of Baraga Township at 46°48′48″N 88°38′11″W / 46.81333°N 88.63639°W / 46.81333; -88.63639. Pelkie was settled by French Canadian woodsmen in about 1885, and was first known as "King's Landing" and was renamed Pelkie after an early settler. Finns who settled there initially called the place Kyrö, after the place they came from in Finland. The name became Kuro after a railroad was built through the area. The precise name of the early settler is unknown. Because many Finns settled in the area, the Finnish name Pelkinen has been suggested as the original. However, the name may also have been derived from a former French-Canadian settler. It was a station on the Michigan Central Railroad, and a post office was established on April 30, 1903. The Pelkie ZIP code 49958 serves areas in the north and northwest of Baraga Township in Baraga County, as well as an area of northeast Laird Township, southwest Elm River Township, and southern Portage Township in Houghton County.

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

What are the different options for bankruptcy?

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

Where Can I get Bankruptcy Forms?

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

What is a Chapter 7 Bankruptcy Liquidation?

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

What is a Chapter 9 Municipality Bankruptcy?

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

What is a Chapter 11 Bankruptcy Reorganization?

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

What is a Chapter 12 Family Farmer or Family Fisherman Bankruptcy?

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

What is a Chapter 15 Cross-Border Bankruptcy?

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

What is the Securities Investor Protection Act?

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

What Bankruptcy Terminology Should I be Familiar with?

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

How can I protect myself from debt collectors?

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