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Debt Relief Attorney Serving Michigan

Options for Debtors in Sterling Heights, Warren & Beyond

Deciding how best to remedy your debt problems requires knowing the benefits and drawbacks of various debt relief remedies. With the guidance of an experience debt relief lawyer, you can find the best solution for your financial issues.

At Hensel Law Office, we can help you weigh your debt relief options, including:

As a bankruptcy attorney, I am dedicated to providing my clients with whatever assistance they need to get out of debt. I know that financial hardships can be difficult, and will help you develop a strategy to achieve a debt-free life.

Debt Settlement and Negotiation

When you settle your debts, you and your creditors come to an agreement here you repay less than what you owe. Many unsecured debts can be settled with a creditor. However, secured debts are ineligible for debt settlement as creditors can choose to seize assets instead.

Some common debts that can be reduced under debt settlement include:

  • Credit card charges
  • Medical bills
  • Personal loans
  • Payday loans
  • Private student loans

Debt settlement is one possible way of negotiating your debts. You can also negotiate for reduced interests rates and lowered monthly payments.

Many people may not understand why a creditor would ever agree to a debt settlement or negotiation. However, for many creditors, debt settlement is preferable to the debtor filing for bankruptcy. In a bankruptcy, the creditor may not be able to obtain repayment for their loans.

Understanding Debt Consolidation

Debt consolidation is another method of achieving debt relief. When you consolidate your debts, you create one one large loan to pay off your smaller debts. This singular loan often has better payment terms than the individual smaller debts and loans, and any penalties or late fees can be greatly reduced. Additionally, debtors may find it easier to keep track of only one payment each month.

Debt Relief Through Bankruptcy

Most people who file for bankruptcy do so under Chapter 7 or Chapter 13. In Chapter 7 bankruptcy, your non-exempt assets will be cataloged and sold to pay off your creditors. A Chapter 13 bankruptcy will allow you to restructure your payment plans to creditors.

Some of the benefits of bankruptcy include:

  • You will no longer be harassed by creditors, debt collection companies or lenders
  • The risk of losing your personal property through repossession will be eliminated
  • Any foreclosure actions will be stopped
  • You can rebuild your credit
  • The stress of unpaid bills will disappear

I am a Michigan bankruptcy lawyer that has spent over 12 years assisting clients with the bankruptcy process and other debt-relief remedies in Madison Heights, Royal Oak, Sterling Heights, Clinton Township and Warren. If you need a solution to your debt problems, contact my office to schedule a free initial consultation.

Get Rid of Your Debt with Hensel Law Office, PLLC

My firm, Hensel Law Office, PLLC, specializes in bankruptcy cases and helping people get back in control of their finances. These days, it doesn't take much to get into debt. You deserve a second chance to create a better financial future, and I will use all of my knowledge and experience to help you start fresh.

My fees are affordable and you can also take advantage of financing options such as a payment plan, so call today to learn more.

Client Testimonials

  • Sincerest thanks for all of your help in affording me what I consider a real "fresh start."

    “I wanted to give you my sincerest thanks for all of your help in affording me what I consider a real "fresh start". My divorce was unfortunate but definitely a needed change for the better. However, the financial side of things still seemed to keep that past linked, which makes this an enormous weight lifted. I just can't believe the impact it's made on my outlook with...everything.I will be sure to keep your business cards handy to distribute along with highly favorable words of recommendation should the needs arise.Thank you again for your time and professional guidance.”

    Michelle

  • He always responded quickly and intelligently.

    “Mr. Hensel made a difficult and uncomfortable situation as easy as possible for me. He always responded quickly and intelligently to my questions and never made me feel as if I were bothering him. He explained the unknown aspects of bankruptcy, the court system, and my options in clearly understandable terms. I felt confident that he was handling my case in the best possible manner and in my best possible interests. I feel lucky to have found the Hensel Law Office and I never hesitate to refer others who could use assistance - because I know they will get superior service and help.”

    Kelly

  • Mr. Hensel walked me through every step.

    “I would highly recommend the Hensel Law Office!! Mr. Hensel walked me through every step, got my garnishments stopped very quickly (even got garnished wages returned to me!) and told me what to expect along the way. He answered all of my questions in a very timely manner- no matter what time I sent an email or gave him a phone call. Also, I felt his price was very reasonable compared to some of the other places that I called. Mr. Hensel answered plenty of questions that I had before I even became a client.”

    Carl

  • Tom was the most professional.

    “I researched 3 attorneys before signing with the Hensel Law Office for my bankruptcy proceedings. Tom was the most professional and he explained all of my questions without trying to make a quick buck on me. I would recommend Hensel Law Office to my friends or family going through a similar difficult situation.”

    Jerry

  • You made a difficult experience so much easier.

    “Back a few years ago, you helped me through a bankruptcy. I still tell people how you made a difficult experience so much easier, with your clarity, support, and friendly approach to the law. I'm still very appreciative for all your help – it really helped to pull me out of a difficult place and put my life back on track.”

    Eric