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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

  • Tom Hensel is definitely the right attorney to call!

    “I was referred to Tom Hensel by a friend. My first impression was not only was Tom professional but he's so kind and caring too. He helped my husband and I through an embarrassing, scary situation and definitely made it more positive one. He guided us through our options and helped us make the right decision for us which ended up being a chapter 7 bankruptcy. Tom was so knowledgeable and helped us throughout the whole process. He never once made us feel uncomfortable or dumb when we had questions. He was also very easy to get a hold of when questions would come up and would always return our calls and emails promptly. I strongly recommend Tom to anyone going through this kind of financial nightmare. Do yourselves a favor and call him right away. He will help you get on the right path again. Our only mistake was waiting so long to call him!! When we in court waiting our turn all the other attorneys referred to their clients as "The debtors" Tom on the other hand acknowledged us by our names. Little things mean a lot and that left a lasting impression with us. Tom Thank You again for all your help!!”

    Stacy S.

  • 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

  • Thank you very much for getting us through this very hard time in our lives.

    “I just wanted to thank you very much, for getting us through this very hard time in our lives. You did an excellent job. If anyone I know is in need of a lawyer, we will surely give them your name. Again thanks.”

    John and Linda

  • Utmost dedication and professionalism.

    “I chose to work with Tom Hensel after meeting with several big name firms in the area. Tom handled my unique situation with the utmost dedication and professionalism. The personal service I received from him made all the difference in my case. My only regret is that I didn't call him first.”

    Craig

  • 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