Latest News 2010 May Former Pistons’ Player Files for Bankruptcy

Former Pistons’ Player Files for Bankruptcy

Rick Mahorn, who is a former Detroit Pistons' player, has filed for Chapter 7 bankruptcy with his wife. The bankruptcy filing is the resulting of failed investments, a drop in the value of the house they bought and efforts to repay an IRS debt. Mahorn's lawyer has stated that the tax debt of almost $214,000 has been repaid.

It's never easy to deal with a bankruptcy situation, so it is important that you understand the details if you find yourself filing for bankruptcy. You need to know that in this situation you do have rights that should be protected and can be protected if you take the right steps. Filing for bankruptcy does not have to be the end for you, but it can be the chance at a new beginning if you manage your situation properly.

By working with a bankruptcy lawyer, you will be able to move forward with a case knowing that it is being handled in the best way possible. It's in your best interest to work with an attorney who can guide you through this difficult process and ensure that your rights are protected. Please take some time today to contact a bankruptcy attorney and begin discussing the details of your case.