A Helping Hand For Michigan Families
Over 120 years of combined legal experience advocating debt resolution for our clients.
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The New Year Brings Changes to Both Federal and Michigan Foreclosure Law - Will they be Effective in Preventing Foreclosure?
Posted by AcclaimLegalService
Beginning in January 2014, both Michigan and Federal foreclosures laws will change to add stronger protections for consumers facing foreclosure with aims to bring stronger lines of communication between borrowers and mortgage servicers. We recently posted a page outlining the details of the new federal law (Dodd-Frank Act effective January 2014). Changes will take place with Michigan Foreclosure…
Will Obamacare Reduce the Need for "Medical Bankruptcies" in Michigan?
Posted by AcclaimLegalService
One of the main talking points of health care reform and the Affordable Care Act, often referred to as "Obamacare," was that increasing healthcare coverage would prevent people from falling into bankruptcy due to medical bills they could not afford to pay. Studies suggest that medical bills are the number one reason for filing bankruptcy, outpacing other common factors such as credit card bills…
What Income is Eligible to Qualify for Filing Bankruptcy in Michigan?
Posted by AcclaimLegalService
Are you experiencing financial hardship, but uncertain if you would qualify to file for bankruptcy relief based on your income? We can help! Below is some general information regarding the types of bankruptcy relief and how income is considered for filing. To get a free evaluation of your circumstances, call our office at 866-261-8282for…
Does a Short Sale Result in Deficiency Debt?
Posted by AcclaimLegalService
Many homeowners seek a short sale if they are no longer able to maintain their mortgage payments or wish to step away from the property due to valuation issues. In most cases, the homeowner needs to prove a financial hardship for the bank to engage in a short sale. When the house is sold for an amount less than your mortgage, the remaining balance is known as "loan deficiency debt." The common…
Understanding Your Credit Score. What does your credit score really mean?
Posted by AcclaimLegalService
According to Investopedia, your credit score is: "A statistically derived numeric expression of a person's creditworthiness that is used by lenders to access the likelihood that a person will repay his or her debts." Unfortunately, many people look at their credit score as a mark of their self worth. Here are some interesting facts that breakdown the different ways credit scoring agencies determine…
Dealing with Underemployment in Michigan
Posted by AcclaimLegalService
Unfortunately many Michigan families have seen a drop in their income due to a reduction in work hours or a decrease in their pay. They may even be performing a job beneath their skill set due to a sluggish job market. These circumstances are termed "underemployment".
The creation of many more part time jobs…
5 Tips for Resolving an Unbalanced Budget½.5 Things Not to Do!
Posted by AcclaimLegalService
If you are experiencing difficulties with your monthly budget, be proactive in seeking resolutions before the situation worsens. Sometimes there are unexpected circumstances that cause a budget to fall out of balance. If these circumstances are short term (i.e. temporary lay off or short term medical issue), it is easier to employ basic tactics to bring your budget back into alignment. If the…
11 Signs That You May Need to Consider Filing Bankruptcy in Michigan
Posted by AcclaimLegalService
If one or more of the below circumstances is true for you, it may be time to talk to a professional about the best option for you to resolve your debts. You owe it to yourself to explore your options for a better financial future. We offer free consultations to discuss Chapter 13 debt consolidation, Chapter 7 debt elimination or non-bankruptcy debt settlements. Call us at 866-261-8282…
Attorney Chris Jones Speaks at Detroit Consumer Bankruptcy Association Event as Authority on New Model Chapter 13 Plan
Posted by AcclaimLegalService
On June 27, 2013, Managing Attorney Chris Jones was a featured speaker at a Consumer Bankruptcy Association presentation in Royal Oak, Michigan. He instructed both consumer and creditor bankruptcy attorneys about the changes made to the district's model Chapter 13 plan effective January 2013. He covered such topics as handling debtors' income tax refunds and whether these funds are required to…
Attorney Chris Jones Joins Ranks as Board Certified Bankruptcy Specialist
Posted by AcclaimLegalService
Our managing attorney, Christopher Jones, just received board certification as a Consumer Bankruptcy Specialist. This is a demanding process that he completed with the American Board of Certification (ABC) over the past three years. ABC is a non-profit organization dedicated to serving the public and improving the quality of the bankruptcy bar. The rigorous certification standards are designed…
Latest Posts
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What Not To Do Before Bankruptcy
- Feb 26, 2022 -
What You Should Do Before Declaring Bankruptcy
- Feb 10, 2022 -
When Will Foreclosures Start Again?
- Jul 29, 2021 -
Voluntary Retirement Contributions Can Now be Included in a Chapter 13 Budget
- Jul 08, 2021 -
Attorney Michael T Brown
- May 25, 2021
Thank you William Johnson and Cindy Millns for doing such a great job handling my bankruptcy case and allowing me to get my life back in order. Thank you for giving me a chance to regain confidence and succeed in life to the fullest.
I will tell anyone…
Dear Julie, Thank you for the follow-up on our home foreclosure situation. We managed to borrow the money for our relatives to pay the reinstatement fee. Although it was very embarrassing, we felt it was the best course of action. I would like to thank you for all your help. We did talk to a couple…
I would like to take a moment and recognize our attorney and his team. They were very accommodating and courteous throughout our entire Chapter 13 process. When we had a question we would email them or call and they would promptly get back to us with an answer.…
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…