A Helping Hand For Michigan Families
Over 75 years of combined legal experience advocating debt resolution for our clients.
We look forward to earning your trust.
If you cannot afford or do not wish to keep the property any longer, you can surrender it to the creditor or let the foreclosure/repossession occur. In the case of a foreclosure, you often have a “redemption period” where you continue living in the house. You are able to sell the house before the expiration of the redemption period if you can pay off the lender in full. Remember that charges are still accruing even after the foreclosure sale, so make sure that you have an accurate pay-off before agreeing to terms of the sale.If you voluntarily surrender (or experience repossession on) a vehicle because you can no longer afford it, the lien holder will likely charge you with a deficiency balance of the loan. That is, the difference between what you owed on the loan and what they were able to sell it for at public auction.In the cases of high deficiency balance(s), second mortgages on your home that are not included in the foreclosure or a judicial foreclosure – you may want to file a Chapter 7 to discharge these debt obligations.
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,…
I would like to extend a special thank you to your firm, especially Cindy Millns and our attorney – they were both very helpful in this whole process very reassuring. I would recommend your firm to anyone that needs assistance!
I just wanted to let you know how much I appreciated your help throughout my Chapter 13 bankruptcy. I am so glad I decided to go with Acclaim Legal Services. Everyone I dealt with were very professional. I really appreciated how quickly you responded to me each time I had a question or concern.…
Acclaim Legal Service is an outstanding firm to use for your bankruptcy need. The team of employees are courteous and knowledgeable. Attorney, Chris Jones, is thorough, consistent and resilient. He will stand up for you and with you through the entire bankruptcy process. Mr. Jones is an attorney you…