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Michigan Bankruptcy Blog

Did the Government Settlement with Major Banks Over Foreclosure Violation Ultimately Help Homeowners and Stop Future Foreclosures?

Posted by AcclaimLegalService

Last month federal regulators announced a settlement of $8.5 billion dollars with 10 major banks to satisfy claims of foreclosure proceeding violations.  This breakdown is $3.3 billion in direct payments to borrowers.  The remaining part of the settlement will go to such things as debt forgiveness and loan modifications totaling $5.2 billion.  So how will this money really be used? - and more importantly,…

Read more | Feb 25, 2013

Managing Credit Card Debt in Michigan - Should I Cut Up My Cards?

Posted by AcclaimLegalService

Mounting credit card debt can be stressful.  Many people have found creative solutions to curb their spending½.cutting up their credit cards, cancelling unused cards or even putting their cards on ice½.literally putting them in the freezer to avoid impulse spending!  So what is the right balance½.are credit cards inherently "bad?" Our perspective is no, a plastic card is not the problem½it is the…

Read more | Feb 17, 2013

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I would give the Acclaim team an A+.  The team never made us feel any less then important to each of them from the Desk Clark to the Trustee – I must say…. the communications that I had with Nicole M. Hollihan was always great – e-mails and voice mails were answered…
Sandy & Bob

(Westland, MI)

Mr. Johnson, I would like to thank you for having an exceptional staff and for assisting me in my time of financial distress. Everyone was professional but at the same time very caring even when I was having a complete meltdown, your staff never lost patience…
Karen

(Auburn Hills, MI)

Working with my Attorney was a very comfortable experience. I was scared going into the Chapter 7 bankruptcy process and didn’t know what to do. She walked me through the whole thing step by step. I would recommend her to anyone. Not only was I going through…
Glenda

(Burton, Michigan)

Just wanted to thank you for all your help settling our deficiency with the bank. 

After finding out the bank wanted us to pay the difference between what we owed them on the house and what they sold it for, I didn’t know which way to turn…the thought of possibly loosing our building kept…
Dan & Peggy

(White Lake, MI)