Resnick Law, P.C.

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New Laws Pertaining To Debt Relief

After the recent downturn in the economy, new laws pertaining to debt relief have been passed to protect the rights of homeowners and individuals with overwhelming debt. At Resnick Law, we help clients through the bankruptcy process and help them understand how changes in the law may impact their case.

Our attorneys will help you explore every option to get the debt relief you need.  Contact us at 248.642.5400 or contact us online to discuss your goals and your situation with an experienced debt relief lawyer.

Recent Changes in Debt Relief Law

Debt relief and bankruptcy laws are constantly evolving to help meet the needs of individuals who are struggling with debt. Our attorneys stay up-to-date on the new laws in Michigan so we can help our clients find effective solutions to their debt problems. Some recent changes include:

  • Loan modification instead of foreclosure: In 2014, the legislature passed regulations to assist homeowners trying to avoid foreclosure. These laws significantly changed the loan modification process, giving homeowners an additional 120 days to seek the debt relief they need. A lender cannot give Notice of Filing Foreclosure until the borrower is 120 days behind. That 120 days may be the time you need to become current on your mortgage, save money for moving, sell your home or apply for a loan modification so you can keep your home.

You may also qualify for a government backed refinance program like HARP (Home Affordable Refinance Program) or HAMP (Home Affordable Mortgage Program). We can help you understand how these changing laws will impact your loan modification application or help guide you through the foreclosure process.

Contact a Debt Relief Lawyer

Our attorneys help clients in the Detroit area and throughout southeast Michigan with loan modifications, tax debt relief and seek “Solutions Without Bankruptcy®.” Call us today at 248.642.5400 or contact us online to schedule an appoint to discuss your specific situation.

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Have your case reviewed by a Resnick Law attorney today!

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Practice Areas

Our Firm Is Your Solution For:

  • Asset Protection
  • Bankruptcy
  • Business Law
  • Testimonials
  • Appeals
  • Chapter 7 Bankruptcy
  • Chapter 9 Bankruptcy
  • Chapter 11 Bankruptcy
  • Chapter 13 Bankruptcy
  • Construction Law
  • Contracts
  • Corporate and Commercial Litigation
  • Creditor Rights
  • Debt Relief Laws
  • Estate Planning
  • Foreclosure
  • Guardianship & Conservatorship
  • Liability of Electronic Communications
  • Property Tax Appeals
  • Real Estate & Zoning
  • Receivership
  • Short Sales
  • Solutions Without Bankruptcy®
  • Trust & Probate Administration

Office Locations

  • Bloomfield Hills – (248) 642-5400
    40900 Woodward Avenue, #111
    Bloomfield Hills, MI 48304

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Our firm’s practice areas include:

  • Appeals
  • Asset Protection
  • Bankruptcy
  • Business Law
  • Chapter 7 Bankruptcy
  • Chapter 9 Bankruptcy
  • Chapter 13 Bankruptcy
  • Construction Law
  • Contracts
  • Corporate & Commercial Litigation
  • Creditor Rights
  • Debt Relief Laws
  • Estate Planning
  • Foreclosure
  • Guardianship & Conservatorship
  • Liability of Electronics
  • Property Tax Appeals

 

  • Real Estate & Zoning
  • Receivership
  • Short Sales
  • Solutions Without Bankruptcy®
  • Trust & Probate Administration

 

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Recent Posts

  • Struggling With Tax Debt in Michigan? Your Guide to the IRS Fresh Start Program
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  • Business Debt and Partnerships: What You Need to Know to Protect Yourself
  • Mergers and Acquisitions During the COVID-19 Pandemic

Office Locations

  • Bloomfield Hills – (248) 642-5400
    40900 Woodward Avenue, #111
    Bloomfield Hills, MI 48304

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Attorneys at Resnick Law, P.C. serve clients in Bloomfield Hills, Metro Detroit, the Tri-County Area and throughout southeast Michigan, including: Oakland County, Wayne County, Macomb County, Livingston County, Genesee County, Washtenaw County, Lapeer County, St. Clair County, Birmingham, Rochester Hills, Rochester, West Bloomfield, Bloomfield Township, Novi, Royal Oak, St. Clair Shores, Grosse Pointe, Walled Lake, Ferndale, Berkley, Sterling Heights, Clarkston, Farmington Hills, Ann Arbor, Howell, Brighton, Mount Clemens, Flint, Grand Blanc, Livonia, Dearborn, Troy, Plymouth, Pontiac, Northville, Southfield, Warren and Utica.

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