The young person starting out does not typically go and look to acquire debt. It is often taught that in order to make money you need to spend money. This leads to a road block of what a person should do. Borrow money to fund a project and hope they can pay it back or just hope to obtain a job and continue working that 9-5 job. In Michigan a person taking out a loan to try to achieve their life dream of making money during 2007-2008 realized they may have taken a risk at the worst time since the great depression.  A huge gamble didn’t pay off for the person buying a pizza place at a  the economy had its largest drop and have their new business suffers losses and being forced to close the doors before ever having the chance to succeed.  It is not uncommon that the impact of the economy has forced several new entrepreneurs to seek out a Michigan Bankruptcy attorney to help them get out of debt and back on their feet.