Rochester Hills Debt Settlement Lawyer

Debt Settlement Attorney in Rochester Hills, MI

If you are unable to file for bankruptcy, don’t worry. There may be another way to resolve your outstanding debts. Debt settlement is where a creditor agrees to accept a reduced amount in satisfaction of an outstanding debt. Most companies that you owe money to realize that if you were to file bankruptcy they would receive very little, if any, money. Consequently, these companies are often willing to accept a lesser amount. In return, you pay off your debt at a reduced rate and avoid filing bankruptcy.

Stephanie Krane-Boehmer has over seventeen years of experience in the legal field. Once you book your appointment, you can expect to discuss topics regarding your debts, assets, income and monthly expenses. As a result, this will determine the best path for you. If you’re ineligible to file for bankruptcy, debt settlement is also an option to explore. Stephanie Krane-Boehmer is available for phone appointments, zoom calls or in-person meetings. Contact Rochester Hills’ experienced lawyer by calling 248‑293‑0048.

How does debt settlement work?

Debt settlement is where a business or person you owe money to (a creditor) agrees to accept a reduced amount to pay off your outstanding debt. Why would they do that? Because most companies understand that if you need to file for bankruptcy, they’ll likely receive little or no money. So, in their mind, some money is better than none. Stephanie Krane-Boehmer is a knowledgeable debt settlement lawyer with years of experience in bankruptcy law, credit counselling and debt settlement.

This process involves making a lump sum payment to each of your creditors.

The unpaid balance of the debt is forgiven by the creditor after the settlement amount is paid. Amounts forgiven in debt settlement do appear as taxable income for income tax filings. You would need to work with your accountant to determine if you would in fact pay any tax on the forgiven debt.

Practical Legal Solutions for Overwhelming Debt

Rising costs…rising debts – you may need help from a debt settlement lawyer. The cost of gas – the cost of everything! – is rising and many people are struggling to keep up with everyday expenses. If you have creditors harassing you, if you are worried about paying your mortgage or rent, if you have financial issues because of illness, medical expenses, job loss or divorce, an experienced debt settlement lawyer like Stephanie Krane-Boehmer can help ease your worries and get you started on a path to better financial health.

When Debts Are Overwhelming, Find a Debt Settlement Lawyer

It can be very easy to get into debt trouble from overspending or routinely exceeding your budget. If it happens to you, find a debt settlement lawyer in your area. A debt settlement lawyer can help by negotiating with your creditors to reduce the amount of your debts. They can establish consolidation loans and repayment plans that can help you get out of debt and avoid needing a bankruptcy attorney in Rochester Hills. Call us at 248-293-0048 if you need a debt settlement lawyer and other family law issues, including bankruptcy, divorce, estate planning and wills. The law office of Stephanie Krane-Boehmer is ready to help with warmth and understanding, and expertise to help resolve your family law issues.

Are you searching “Debt Settlement Michigan”?

If you’re not eligible for bankruptcy, you should consider debt settlement. This process is an alternative option to resolve your debts. You can meet an agreement with a creditor who approves a reduced amount for your debt. For example, if you were to file for bankruptcy, most companies realize that they wouldn’t receive money. As a result, debt settlement is appealing because companies are happy to receive a smaller payment rather than nothing at all. This process requires paying a lump sum towards each of your debts. Once the payment is received, the outstanding balance is no longer an issue. To learn more, contact our law office today.

Looking for an Experienced Bankruptcy Attorney Near You?

If credit counselling and debt settlement don’t work, however, you may need a bankruptcy attorney to help you file for bankruptcy. If you live in or near Rochester Hills, Michigan and are searching for a “bankruptcy attorney near me”, we hope you’ll find the Law Offices of Stephanie Krane-Boehmer. Our offices are located in Rochester Hills, and we serve Oakland, Macomb, Genesee, Lapeer, Livingston and Wayne Counties in Michigan.

If you think debt settlement is right for you, feel free to ask more questions when you come in for a no obligation consultation.

Your Michigan Bankruptcy Lawyer, Stephanie Krane-Boehmer

As a Michigan bankruptcy lawyer, Stephanie takes pride in her hands-on approach to bankruptcy law. She understands how difficult a decision filing for bankruptcy can be, and how confusing the process is. She is with her clients through every step, helping them understand the process, and the impact of the decisions they need to make. Her goal is to make sure her clients get through the process and give them a fresh start. Rebuilding your credit after bankruptcy is possible, and with the help of a caring bankruptcy lawyer like Stephanie, your financial future could be brighter.

Bankruptcy and Family Law Attorney

The sad reality is that often divorce and bankruptcy go hand in hand. The stress of managing two households put many in debt after a divorce. And in some cases, financial abuse is part of the reason the marriage failed. Sometimes one partner controls the finances, keeping the other out, leaving them without the resources they need to manage their finances once the marriage dissolves. Or one partner constantly overspent, leaving you having to manage debt you didn’t build up. If this is your situation, talk to Stephanie Krane-Boehmer if bankruptcy could be a solution to help you move forward. Stephanie offers free consultation on bankruptcy and divorce, affordable fees and payment plans.

Understanding a Separation Agreement

Many people opt for a separation agreement rather than a divorce. The main difference between the two is that the couple remains married. However, a separation agreement can help establish the division of property and debt. In addition, this formality can outline child support and custody. If you’re considering separation instead of divorce and want to discuss your options, reach out to Stephanie Krane-Boehmer, an experienced family lawyer located in the Rochester Hills area. You can book an appointment by calling 248‑293‑0048 today. This process isn’t something to navigate alone; an experienced family lawyer can help!

Family Attorney Who Can Help with Your Parenting Plan Agreement

If you are divorcing and have children, one big part of your divorce is to create a parenting plan agreement. Your family attorney can help you build an agreement that protects the interests of your children, and helps your family create a new relationship as your marriage dissolves. Stephanie is a family attorney experienced at both mediation and litigation, and knows how to make sure you cover all your bases when you work on your parenting plan agreement.

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