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Michigan Bankruptcy Blog
Strategies for Managing Your Budget Over the Holidays...and After!
Posted by AcclaimLegalService
The holidays often become stressful - especially when you consider the impact on your wallet. Below are some tips for taking the strain out of holiday gift-giving with general budget concepts that you can use year-round. If you need help getting your finances under control, our firm exclusively helps clients find lasting debt resolution. Call us today at 866-261-8282…
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 Budget. 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…
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
We just received our discharge on our Chapter 13 bankruptcy today. I want to thank the staff at Acclaim for all the help given during the past 3 years. Everyone I have dealt with was very knowledgeable and gave concise answers to my questions and in timely manner.
Acclaim Legal Services has provided me professionalism, service and most of all results!
I came to Acclaim Legal Services when I was desperate to find another attorney to take over my pending case. I was not sure who was going to handle my file as this…
Cindy from your office gave me your information for feedback about our case.
Today she sent us a copy of the courts discharge, so our immediate feeling is over joyed to be done with the process. At the beginning we had no idea what to expect, but everyone in your office took their time to…
I wanted to let you know about your staff and the support they all showed my wife and myself.
From our first meeting with William in his office to Cindy answering all our questions and time spent on the phone many thanks to her, along with Chris looking…