Articles from Acclaim Legal Services

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Detroit Bankruptcy Attorneys Make it Official with a New Downtown Office Location

Submitted by Anonymous (not verified) on Sat, 01/31/2015 - 18:53

Acclaim Legal Services Open’s Sixth Michigan Office Location in Downtown Detroit! Since our firm was founded in 2003, we have continued to grow our debt relief practice.  We are excited to expand further to downtown Detroit, with a new office space conveniently located in the United State Bankruptcy Court building at:   211 West Fort Street Suite […]

Debt Relief Blog Series: Determining Your Best Option. Part II: Legal Protection

Submitted by Anonymous (not verified) on Mon, 01/26/2015 - 01:18

This is the second installment in our 5-part series exploring the implications of various debt resolution options. One of the biggest concerns about managing debt or trying to negotiate with creditors is unexpected creditor actions, such as: • Judgments; • IRS Levy; • Garnishment; • Or even just constant threats or harassing calls.   What […]

Debt Relief Blog Series: Determining Your Best Option. Part I: Tax Consequences

Submitted by Anonymous (not verified) on Sat, 01/17/2015 - 02:13

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 […]

Filing Bankruptcy in Michigan: Can I Convert My Chapter 7 or 13 Case to a Different Type of Bankruptcy?

Submitted by Anonymous (not verified) on Tue, 01/06/2015 - 21:18

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 […]

Bankruptcy Lawyers Michigan: What is the Purpose of a Reaffirmation Agreement in Chapter 7 Bankruptcy?

Submitted by Anonymous (not verified) on Tue, 12/23/2014 - 02:51

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 in […]

Chapter 13 Bankruptcy in Michigan: What is the Difference Between a 341 Hearing and a Confirmation Hearing?

Submitted by Anonymous (not verified) on Thu, 12/11/2014 - 21:08

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 […]

Can I File Chapter 13 Bankruptcy If I Am Unemployed?

Submitted by Anonymous (not verified) on Tue, 12/02/2014 - 22:33

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 […]

Bankruptcy Attorneys in Detroit Gather for 10th Annual American Bankruptcy Institute Conference

Submitted by Anonymous (not verified) on Mon, 11/17/2014 - 20:55

This week the American Bankruptcy Institute (ABI) held its 10th annual “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 and Responsibilities in Chapter […]

Chapter 13 Bankruptcy in Michigan: Using the Reorganization Plan to Reduce Your Vehicle Payments

Submitted by Anonymous (not verified) on Mon, 11/10/2014 - 05:05

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 […]

Will Obamacare Reduce the Need for “Medical Bankruptcies” in Michigan?

Submitted by Anonymous (not verified) on Wed, 11/27/2013 - 23:16

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, [...]The post Will Obamacare Reduce the Need for “Medical Bankruptcies” in Michigan? appeared first on

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