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.
Latest Posts
-
5 Practical Steps to Avoid Bankruptcy in Michigan (From an Experienced Bankruptcy Attorney)
- Aug 12, 2025 -
Considering Filing Chapter 13 Bankruptcy in Michigan? Here’s What You Need to Know
- Aug 08, 2025 -
An Update on Michigan’s Bankruptcy Exemptions — And Why It Matters for Your Fresh Start
- Jul 30, 2025 -
How to Choose the Best Michigan Chapter 13 Bankruptcy Attorney
- Jul 26, 2025 -
Top 3 Signs You Should Consider Filing for Bankruptcy in Michigan
- Jul 16, 2025
First of all, we would like to thank you for all you guys have done. I appreciate the honesty, dedication and passion that you guys exhibited towards our case and answering my questions in a fast and complete manner. Given the situation, I know now I made the…
I would like to extend a special thank you to your firm, especially Cindy Millns and our attorney – they were both very helpful in this whole process very reassuring. I would recommend your firm to anyone that needs assistance!
The help I received from acclaim was invaluable! Considering the complexity of bankruptcy, I’m especially thankful for the assistance of my attorney in establishing a plan and initiating the process. I’m also thankful for the ongoing help of paralegal Nicole…
I wanted to extend my gratitude for helping me understand my Foreclosure/Chapter 7 situation. I left our meeting feeling reassured about my situation. You presented the information in a way I could understand. I have consulted with legal counsel in the past and…