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.
Debt Relief Blog Series: Determining Your Best Option. Part I: Tax Consequences
Posted by AcclaimLegalService
Weighing your debt resolution options can be overwhelming. We are posting a 5-part blog series over the next month to help breakdown some of the most common and important considerations. Here are the topics we will be covering:
- What are the tax consequences?
- How the debt is settled - lump sum payment vs. structured payment plan.
- Impact in your…
Can I Convert My Chapter 7 or 13 Case to a Different Type of Bankruptcy?
Posted by AcclaimLegalService
Some times circumstances change during the course of a bankruptcy filing that my necessitate converting your case from a Chapter 13 to a Chapter 7 or vice versa. If you circumstances have changed, you should consult with an attorney before taking any action as there are qualifications and implications for converting your case. We usually encourage clients that are already represented by counsel…
Bankruptcy Lawyers Michigan: What is the Purpose of a Reaffirmation Agreement in Chapter 7 Bankruptcy?
Posted by AcclaimLegalService
A reaffirmation agreement is a new contract between a creditor and the debtor(s) in a Chapter 7 Bankruptcy. Simply put, it is a
promise to pay the debt. The legal document outlines the terms in which the filing debtor(s) agrees to remain liable or legally responsible for a debt that would otherwise be dischargeable…
Chapter 13 Bankruptcy in Michigan: What is the Difference Between a 341 Hearing and a Confirmation Hearing?
Posted by AcclaimLegalService
Filing for Chapter 13 Bankruptcy in Michigan is an extremely beneficial program, but there is a process you need to go through with the court in order to take advantage of the program. Finding the right attorney to represent you is critical to your success. Questions to ask:
- Does the bankruptcy attorney or law firm have previous experience administering Chapter…
Can I File Chapter 13 Bankruptcy If I Am Unemployed?
Posted by AcclaimLegalService
Yes, you can still file for Chapter 13 bankruptcy protection if you are currently unemployed or become unemployed while you are in the repayment process. Mainly you just need to have some source of income to maintain payments into the Chapter 13 plan, even at a reduced level. We welcome your questions about filing for Chapter 13 in Michigan. Our firm specializes in helping Michigan residents find…
Bankruptcy Attorneys in Detroit Gather for 10th Annual American Bankruptcy Institute Conference
Posted by AcclaimLegalService
This week the American Bankruptcy Institute (ABI) held its 10thannual "Detroit Consumer Bankruptcy Conference" in Troy, Michigan. The day long conference covered issues pertaining to both Chapter 13 and Chapter 7 bankruptcies, such as:
- Handling claims in a Chapter 13 bankruptcy;
- Real estate issues in Chapter 7 cases;
- Debtor's Duties…
Chapter 13 Bankruptcy in Michigan: Using the Reorganization Plan to Reduce Your Vehicle Payments
Posted by AcclaimLegalService
One major benefit of the Chapter 13 reorganization program is the ability to modify the terms of a vehicle loan. In most every case we are able to help you reduce your monthly payment by reducing the interest rate and lengthening the finance terms. In some cases, we can legally reduce what you owe on the vehicle! Call us today at 866-261-8282 for a free…
New Study Shows Staggering Percentage of Americans are Being Garnished - Are You at Risk? Steps to Protect Yourself!
Posted by AcclaimLegalService
In a recent study* providing the first national numbers available on the impact of wage garnishments, the findings show that a staggering 1 in 10 working Americans between the ages of 35 - 44 are experiencing a wage garnishment. That means that 10% of that adult sector is loosing 25% of their wages each pay period.
If you have unresolved debt, don't…
Recent Study Shows that Filing Chapter 13 Increases Your Life Expectancy & Your Bank Account!
Posted by AcclaimLegalService
In a study* released last month by the National Bureau of Economic Research, two economists examined half a million bankruptcy filing in the U.S. to determine the effect of bankruptcy laws on consumers and their subsequent outcomes. The results they cited are powerful:
"½we find that Chapter 13 protection increases…
Does Filing Bankruptcy Decrease Your Credit Score?
Posted by AcclaimLegalService
One of the biggest impediments or hurdles for people considering bankruptcy is the perception that it will have a negative impact on their credit. Will they be extended future credit?½..be able to purchase a house?½.a car? Yes, yes & yes! It surprises most people to learn that filing bankruptcy will actually have a positive effect on your credit. Why? Here are the reasons (& credit score projections…
Latest Posts
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Attorney Christopher Jones was nominated and voted to become a 2022 Super Lawyer
- Oct 17, 2022 -
What to Expect About Your Credit Report After Your Discharge
- Jul 04, 2022 -
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
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 have had a bankruptcy case and effect since around May 2018.
Cindy and Brian have been the individuals primarily concerned with my case.
I was with many other people in life this bankruptcy was a very traumatic experience for me.
My immediate family my mom my sister my stepdad…
Me and my wife want to thank you and your team for all the help in successfully going through the discharge of our Chapter 13 bankruptcy case.
In particular, Cindy Millns has been prompt and responsive in providing all the necessary information. It has…
Thank you Acclaim Legal Services!
I have been a client if Acclaim Legal Services since 2004. The legal services that they have provided for me during the time that I was experiencing some financial challenges, saved my home, car, credit, and dignity. I did not know what I was going to do,…