Debt Settlements

Do you have insurmountable debt that you want to eliminate? If you consider bankruptcy as your last option, or you do not qualify to file for bankruptcy, then debt settlement may be right for you.

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Unsecured and Secured Debts


Creditors define debts as a secured debt or unsecured debt. If you have secured debt, this means the debt is attached to something like a home or a car. The asset serves as collateral for the money you owe lenders and can be seized if you become delinquent in paying back the loan.

On the other hand, if you have unsecured debts, the money is not linked to a specific asset. Creditors often work with bill collectors or file lawsuits to try collecting money owed to them from unsecured debts.

If you are feeling overwhelmed from unmanageable levels of debt, options are available to help you get a fresh start. We can help you do this without filing for bankruptcy. Before focusing on debt relief, attorney Alivia Kassab Arabo provided in-house legal counsel to LaSalle Bank/Bank of America. She knows how to break through the bureaucratic walls in the banking industry so deals can be negotiated in her clients’ best interests.

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From Our Clients


Foreclosure Deficiency   ___________

Despite what many borrowers believe, most foreclosures do not result in a judgment against the borrower personally. There are several steps that a bank must take in order to obtain a deficiency judgment against a borrower. An evidentiary hearing must take place to determine the amount of the deficiency, and in order to proceed, it must be shown that the value of the sale is less than what the borrower owed. Despite the complexities of the process, some banks do proceed in pursuing deficiency judgments against borrowers.

If a lender is seeking to collect outstanding loan debt after a foreclosure sale, you may have legal options. An experienced foreclosure attorney can help you explore options that would allow you to defend the deficiency and negotiate a favorable settlement with the bank.

The Law Offices of Kassab Arabo, PLLC, represents clients throughout southeast Michigan in foreclosure deficiency settlement-related legal matters. If your bank is pursuing a deficiency judgment against you, we can help you understand which option is right for you to protect your assets. A few options may include Chapter 13 bankruptcy, loan modification, short sale, or negotiating directly with the bank. However, we will better be able to assist you once we learn about your specific circumstances.


Credit Card Settlement   ___________

You never expected to be in debt. Whether you recently lost your job, had to deal with unexpected medical bills or maybe went through a divorce, your finances could have quickly spiraled out of control. Credit cards may have become your crutch to help you make ends meet. If you are just paying the interest on your credit cards, you may feel like you’ll never gain control from the burden of debt you are facing.

Your credit card strain could be lessened from debt negotiations. Attorney Alivia Kassab Arabo can negotiate with your creditors to modify the terms of the repayment plan. She may be able to negotiate a lower interest rate or a reduction of the principal amount. The creditor may also be willing to accept a lump sum payment for less than the original amount owed.

If you are feeling trapped from credit card debts, understandably you want to gain control without spending a lot. However, the cheapest solution is not always the best. Many people who hire a debt settlement company end up contacting our firm, because the work was not done properly. You can avoid jumping through hoops by working with our firm upfront to resolve your credit card debts.

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Call or Text Attorney Alivia Kassab Arabo for your free consultation.

Chapter 7 & 13 Bankruptcy


If you’re drowning in debt you may be tempted to file for bankruptcy to get the fresh start you deserve. Consumer bankruptcy carries less of a stigma that it did in the past, but you should consult an experienced debt relief lawyer before filing Chapter 7 or Chapter 13 bankruptcy. A bankruptcy filing could stay on your record up to 10 years. During this time you may not qualify for a home loan or any type of credit.

Chapter 7 bankruptcy is often referred to liquidation bankruptcy, because it lets you eliminate most of your unsecured debts. However, filing for Chapter 7 bankruptcy can stay on your record for 10 years. Even though it’s illegal for landlords and employers to make decisions solely based off of a bankruptcy filing, it is often treated as a red flag. Employers and landlords may be reluctant to work with you, while claiming another factor was the issue.

Instead of having your dischargeable debt eliminated in approximately four months like in a Chapter 7 bankruptcy, this type of bankruptcy includes a repayment plan stretched over three to five years. During this time, all of your extra cash will be tied up. Filing Chapter 13 bankruptcy can stay on your credit report for up to seven years, making it nearly impossible to get a mortgage if you don’t already have one.

Interested in gaining a fresh start without filing for Chapter 7 or Chapter 13 bankruptcy? We offer free initial consultations to help you understand your best debt relief options.

Awards   ___________

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