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Michigan Debt Relief Solutions

Comprehensive Debt Relief in Sterling Heights, Warren & Surrounding Areas

Deciding how best to remedy your debt problems requires knowing the benefits and drawbacks of various debt relief remedies. With the guidance of an experienced 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.

Effective Debt Settlement Strategies in Michigan

When you settle your debts, you and your creditors come to an agreement where 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 interest 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.

Explore Debt Consolidation Options in Sterling Heights

Debt consolidation is another method of achieving debt relief. When you consolidate your debts, you create 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.

Bankruptcy: A Path to Debt Freedom in Warren, MI

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.

Key Benefits of Filing for Bankruptcy:

  • 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.

Local Debt Relief Solutions for Sterling Heights & Warren Residents

Living in Sterling Heights, Warren, or nearby areas can come with its own set of financial challenges. With the cost of living and local economic fluctuations, many residents find themselves facing overwhelming debt. Whether it's due to unexpected medical expenses, job loss, or simply the burden of high-interest loans, the need for effective debt relief solutions is more pressing than ever.

Local government resources, such as the Sterling Heights City Government and the Warren City Government, offer various programs aimed at assisting residents in financial distress. While we do not partner with these entities, they can provide valuable information on community resources and financial counseling services that may help you navigate your debt situation.

Common Challenges Our Clients Face

Many individuals in our community struggle with common pain points, such as high credit card debt, medical bills, and student loans. The stress of these financial burdens can be overwhelming, affecting not just your finances but your overall well-being. At Hensel Law Office, PLLC, we understand these local challenges and can help you explore your options for debt relief, including debt negotiation and consolidation strategies tailored to your unique circumstances.

By working with a knowledgeable attorney who understands the local landscape, you can develop a personalized plan to tackle your debt. We are committed to helping residents of Sterling Heights, Warren, and surrounding areas regain control of their financial futures. If you're ready to take the first step, reach out to us for a consultation today.

Eliminate Debt with Trusted Legal Guidance from 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. 

Commonly Asked Questions

Can I negotiate my debts without a lawyer in Michigan?

While it's possible to negotiate debts on your own, having professional assistance can significantly enhance your chances of reaching a favorable settlement. Lawyers who understand the complexities of debt relief know the nuances and strategies that can be applied in negotiations. Especially in cases involving multiple creditors, hiring a local attorney can save you time and stress while potentially securing better terms. At Hensel Law Office, we support clients in navigating these discussions, bringing experience and knowledge to your negotiations.

Should I file for bankruptcy instead of relying on debt negotiation strategies?

Depending on your situation, filing for bankruptcy can be more beneficial than debt negotiation. Filing for bankruptcy can offer a fresh start when debt negotiation strategies aren't sufficient to relieve your overwhelming financial burden. Bankruptcy might be more suited for individuals with significant debts or assets at risk. It legally discharges most unsecured debts, halting creditor harassment and giving you a structured way to repay what you can. At Hensel Law Office, we can help you understand the implications of bankruptcy, whether Chapter 7 or Chapter 13, to help you make an informed decision based on your circumstances.

Client Testimonials

  • 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

  • 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

  • I greatly appreciate your time and effort.

    “It was a great pleasure and relief working with you through that tough time. I greatly appreciate your time and effort on our case. I will gladly and confidently recommend you to anyone I know facing a tough financial time requiring your expertise.”

    Jay

  • 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