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
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Managing Attorney Chris Jones was recently interviewed about filing for bankruptcy and the benefits of Chapter 13 bankruptcy.
- Oct 21, 2024 -
Attorney Michael Brown Author's Articles for American Bankruptcy Institute
- Jul 22, 2024 -
Attorney Christopher W. Jones Quoted in DS News Magazine
- May 23, 2023 -
Michigan Foreclosure Forecast for 2023
- May 12, 2023 -
Avoiding Bankruptcy in 2023
- May 09, 2023
I would like to take the opportunity to Thank Acclaim for the way that they handled my Chapter 13. A very special Thank you goes out to Cindy, she handled everything in a very timely matter always answer my questions so that I understood.
She is one of…
Thank you for all of your help whenever I called or emailed you regarding my bankruptcy case. You were always helpful and quick to respond on helping me. I truly appreciate the awesome legal service that team at Acclaim Legal Services provided.
Many blessings…
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…
Almost a year ago to the day, I walked into your office overwhelmed and defeated and hopeless because of where I was at financially as a result of a difficult divorce. This last year has been a long and hard journey.
My Chapter 13 attorney was awesome in court and brought conclusion necessary…