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Mortgage Forgiveness Debt Relief Act Expired at the End of 2013.

Posted by AcclaimLegalService

If you owe a debt to someone and that party forgives or cancels the debt, that canceled amount of debt may be taxable.  As a part of the Mortgage Debt Relief Act of 2007, homeowners were able to exclude from income debt that was reduced on their principal residence.  This included:

  • Short sales;
  • Mortgage restructuring, such as a loan modification;
  • Foreclosure,…

Read more | Jan 08, 2014

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Acclaim Legal Services was extremely helpful to us during a very distressing time of our lives. We started off with a chapter 13 then the economy dropped even further and after a year and a half we had to file chapter 7. We had many obstacles to overcome having owned our own business for over 23 yrs.…
Dan & Debbie

(West Bloomfield, Michigan)

I filed bankruptcy chapter 13 through your office and I’ve been dealing with Cindy Mills for 5 years.

She was very helpful and patient all these years.

I would like to just thank Cindy for being good to me and let you know that you have a great…
Tim

(Clawson, MI)

We would like to say thank you to Acclaim Legal Services- especially to Cindy Millns and Christopher Jones for helping us with the Chapter 13 process.

We appreciate all that you have done for us – you were always there to answer any questions that we…
Sam & Rebecca

(Farmington Hills, Michigan)

I would like to reach out and express my thank you and gratitude to Alisha Goguen.

I would like to start by saying that I am a proud individual that due to life’s crazy path, lead me to needing assistance with a matter that was beyond my scope. As hard as it is to have to file a bankruptcy,…
Tom

(Auburn Hills, MI)