A Helping Hand For Michigan Families
Over 120 years of combined legal experience advocating debt resolution for our clients.
We look forward to earning your trust.
Why is Now the Time for Debt Resolution?
Is this the year to finally put a plan in place to resolve your unpaid bills by either debt elimination or debt consolidation? Factors in the current economy point to conditions unfavorable gaining additional disposable income to overcome outstanding debts:
- Stagnant wages
- Less opportunities for job advancement due to sluggish Michigan job growth
- Increased taxes due to the end of the "payroll tax holiday"
- Increases in most household necessities such as groceries, gas and many durable goods
If the above points ring true for your finances, now may be the time to put a plan in place resolve your outstanding debts and focus on maintaining a balanced budget based on your current income and expenses. If you are paying out money each month to maintain minimum payments on your credit cards or medical bills, most likely you are accumulating more debt based on interest charges. You may also be going backwards on other important budget areas (i.e. mortgage or vehicle payments) to try and maintain the shell game of your debts. So what is the bestway to resolve your debts? Research and consider your options:
- Total debt elimination through Chapter 7 Bankruptcy
- Debt consolidation through a Credit Counseling Company or legal protection through a Chapter 13 Reorganization Plan.
- Debt Settlement
Factors to consider when making a decision:
- Length of time it will take to become debt free (unsecured debts such as credit cards, medical bills, second mortgage, etc)
- Amount of debt you are required to pay back to creditors and what you can reasonably afford based on your current income and expense.
- Will you get a legal release from whatever portion of the debts you didn't pay?
- What will be the short and long-term impact on your credit?
- Will you incur a tax liability through the debt resolution?
We offer several free budgeting tools on our site to help you evaluate the current state of your finances, such as your debt-to-income ratio and a credit card calculator to examine what it would take to become debt free. Call today at 866-261-8282 for a free consultation with one of our licensed Michigan attorneys. We will provide you with an honest and comprehensive evaluation of your finances and discuss all of your debt resolution options.
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Working with my Attorney was a very comfortable experience. I was scared going into the Chapter 7 bankruptcy process and didn’t know what to do. She walked me through the whole thing step by step. I would recommend her to anyone. Not only was I going through…
My wife and I would like to thank Acclaim Legal Services for all their expertise and support. Special thanks to Brian Rodriguez, Cindy Millns and Leanna Sikes who have been so supportive in this most difficult time in our lives regarding Chapter 13 and our set of rather severe circumstances.
Acclaim Legal Service is an outstanding firm to use for your bankruptcy need. The team of employees are courteous and knowledgeable. Attorney, Chris Jones, is thorough, consistent and resilient. He will stand up for you and with you through the entire bankruptcy…
We just received our discharge on our Chapter 13 bankruptcy today. I want to thank the staff at Acclaim for all the help given during the past 3 years. Everyone I have dealt with was very knowledgeable and gave concise answers to my questions and in timely manner.