Michigan Credit Card Debt Attorneys

Lawyers Representing Clients in Ann Arbor, Warren, Dearborn, Southfield, Flint and throughout Michigan

Many clients come to us struggling with medical bills, credit card debt, judgments, personal loans and repossession deficiencies. Either they have lost their means to make payments or the high interest charges make it impossible to put a dent in the balance. While these unsecured debts have less priority than secured debts like homes and vehicles, credit card debt and medical bills may be fully discharged under Chapter 7, or restructured along with similar debts and paid off under far more favorable terms in a Chapter 13 bankruptcy.

With offices in Southfield, Dearborn, Warren, Ann Arbor and Flint, Acclaim Legal Services is a bankruptcy law firm providing Michigan families with debt relief solutions. We have helped over 9,000 people find debt relief solutions that make sense for their situation. We can help you too.

To discuss your credit card debt and medical bills with our experienced Warren credit card debt lawyers, schedule a free consultation by calling us at 866-438-5217 or by contacting us online. For your convenience, we have offices in Southfield, Flint, Dearborn, Warren and Ann Arbor.

Chapter 7: What Happens to Credit Card and Other Debt?

For many people who cannot afford to pay off their credit cards, huge medical bills and other debts, Chapter 7 can provide a "fresh start." Filing Chapter 7 immediately stops harassment by credit card companies and all other collection agencies, including continuing or beginning wage garnishments.

While your credit card and health care debts can be fully discharged through Chapter 7 bankruptcy, there can be exceptions and you should consult with our attorneys to discuss requirements and other considerations.

Chapter 13: Reducing Medical Bills and Other Debt

Under Chapter 13, all unsecured debts such as credit cards, medical bills, personal loans, etc, are grouped together for repayment. The proposed repayment plan determines how much personal income you have available to pay toward these debts. These creditors are only paid what you can reasonably afford after paying secured debt obligations, such as a mortgage or vehicle payment, as well as your ongoing monthly living expenses. All unsecured debts are deferred until you are caught up on any back payments on secured debts. All payments to unsecured creditors go straight to principal and all interest rates are reduced to 0 percent.

Depending on your budget and disposable income, you may only end up paying back a fraction of the total debt you owe. The plan only requires that you make your best effort to repay over a 36- to 60-month period. At the end of the repayment period, remaining balances can be discharged or legally eliminated.

Chapter 13 repayment plans are systematic and specific to your financial situation. When you come in for a free initial consultation, our skilled bankruptcy attorneys will review your budget options using current software tools. We also assist with tax concerns and help you rebuild your credit after bankruptcy.

Contact Acclaim Legal Services for a Free Consultation

You have nothing to lose by investigating bankruptcy as an option for obtaining debt relief. To schedule an appointment and begin the process of finding peace of mind and financial stability, call us at 866-438-5217 or contact us online. Your initial consultation will be free of charge.