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Michigan Bankruptcy Blog
Timelines While Filing a Chapter 13 Bankruptcy in Michigan
Posted by AcclaimLegalService
A Chapter 13 Bankruptcy, simply put, is a court authorized debt consolidation program. Because the Chapter 13 program provides court protection, the plan offers many unique benefits over traditional debt management programs. Below are some of the benefits of consolidating debt under a Chapter 13 Bankruptcy:
- Legal protection…
Recent Study Found that One Third of All Michigan Families are Experiencing Debt Collection
Posted by AcclaimLegalService
According to a recent study of more than 7 million American's by the Urban Institute, Michigan is ranked in the lowest bracket nationally for average debt load - great news, right?
- Average debt load in Michigan per household is $43,377 vs. the highest state, Virginia, with an average debt load of $74,279 per household.
While it is wonderful…
Can I Choose Which Debts or Creditors to Include in My Bankruptcy?
Posted by AcclaimLegalService
The answer: Yes & No! Confused? Read more about the specifics of how debts are treated in bankruptcy and the key differences between filing a Chapter 7 and Chapter 13 bankruptcy in Michigan. Also, our firm does offer a free consultation - over the phone or at one of our seven Michigan locations in: Detroit, Ann Arbor, Dearborn, Flint, Warren, Lansing…
Paying Attorney Fees for Filing Chapter 7 Bankruptcy in Michigan
Posted by AcclaimLegalService
How are attorney fees handled in consumer bankruptcy cases in Michigan?
- In a Chapter 7 Bankruptcy, the attorney fees are paid directly to the retained attorney. In a Chapter 13 Bankruptcy, most often the attorney's fees are paid through the Chapter 13 Trustee.
- The fees under a Chapter 7 Bankruptcy will also vary from…
Filing Chapter 7 Bankruptcy in Michigan: What is the Difference Between a Discharge and a Closed Case?
Posted by AcclaimLegalService
A court discharge is issued in a Chapter 7 bankruptcy when you have met all of the following requirements:
- Completed pre-filing credit counseling. A Certificate of completion must be filed with the court with your filing documents;
- Filed petition and schedules;
- Provided supporting documents (i.e tax returns and paystubs) to the court appointed…
When are You Officially Bankrupt?
Posted by AcclaimLegalService
This may sound like a question with an obvious answer - you are bankrupt when you file for bankruptcy, right? We don't think it is that simple. It may depend on how you look at or define bankrupt vs. bankruptcy. At Acclaim Legal Services, we view bankruptcy as a financial tool to consolidate or eliminate debt to bring finances into balance and find lasting debt resolution. We believe that…
Chapter 7 & Chapter 13 Bankruptcy Filings Fees Will Increase on 6/1/14
Posted by AcclaimLegalService
The Judicial Conference approved new filing fee increases that will become effective June 1, 2014. What does this mean? After June 1st, it will cost slightly more to file for bankruptcy protection. It is not too late to file before these fees increase. We offer free consultations to discuss your bankruptcy and debt resolution options and we…
How are Parking Tickets and Driver Responsibility Fees Handled in a Michigan Bankruptcy? By Managing Attorney Christopher Jones
Posted by AcclaimLegalService
The issue of how parking tickets and driver responsibility fees (DRF) are treated in bankruptcy is an often discussed topic within bankruptcy circles and there are several variables to consider. It is hotly debated because there is not a bankruptcy court ruling interpreting the exact nature of the driver's responsibility fees (DRF) in relation to the bankruptcy code.
Driver Responsibility…
Top 5 Timing Factors for Filing Bankruptcy in Michigan
Posted by AcclaimLegalService
As the old saying goes, "timing is everything!" There is definitely timing factors to maximize available protections and benefits for filing for Chapter 7 or Chapter 13 bankruptcy in Michigan. For a clear understanding of your personal debt resolution options, we suggest taking advantage of our free consultation offer to meet with a licensed Michigan bankruptcy attorney. At that meeting, we will…
Asymmetrical Norms in Bankruptcy - Why Corporations Have the Upper Hand
Posted by AcclaimLegalService
What is an "asymmetrical norm" anyway? Simply put, it is when a different set of moral rules or encumbrances apply for the different parties with the same circumstances. For instance, corporations aren't burdened by the same set of moral considerations or expectancies that individuals are - they don't experience guilt, embarrassment or shame. So how does this play out in the world of finances…
Latest Posts
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Did You Pay a Debt Relief or Debt Settlement Company in Michigan — and Still End Up Filing Bankruptcy?
- Jun 27, 2025 -
Chapter 13 Bankruptcy Explained
- May 19, 2025 -
Common Bankruptcy Myths About Chapter 13
- Mar 19, 2025 -
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
My wife and I would like to thank you for your assistance in handling our bankruptcy. Believe me, it was very hard to admit that we had a serious financial problem. Thanks to the professionalism of all your staff, we have been able to overcome our embarrassment…
I am a hard working and proud individual. So when I came to the realization that I might actually have to file bankruptcy, it really ran against everything my parents ever tried to instill in me. I have to say that I was embarrassed and a bit ashamed. However being a realist, I contacted your firm…
My name is Patty Simmons and would like to say thank you to the team at Acclaim Legal Services. Myself and my husband filed Chapter 13 in 2009. It was a bumpy road for us initially, but our Attorney and Cindy Millns helped us through the process. After five years, we are finally done and could not…
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…