What happens if I miss a Chapter 13 payment?
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
3d ago
Making the decision to file for bankruptcy is not an easy one. You may have made this choice after a lengthy time of struggling to keep up with your payments and watching your unpaid balances continue to grow. Debt collectors, wage garnishment and threats of foreclosure may all be things you experienced as a result of your unpaid debt. By filing for bankruptcy, you found a way to make collection efforts stop and regain control of your financial situation.  For many Pennsylvania consumers, Chapter 13 is the ideal bankruptcy option. This choice allows one to make payments on his or her debt ..read more
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Reduce accidents through defensive driving strategies
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
4M ago
When you are on the road, you are responsible for the choices you make while behind the wheel. Each person who chooses to operate a vehicle is accountable for any actions or decisions that impact others, especially if they result in injury or even death. Even if you are the safest driver on the road, you could still find yourself in a position in which you are suffering from the impacts of the poor choices of others. While you cannot control what others do while they are driving, you can take steps to protect yourself through defensive driving. Knowing how to drive in this way could make you m ..read more
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6 Reasons to choose the Chapter 7 bankruptcy option
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
6M ago
Making the choice to file for bankruptcy is not easy, and it is likely that you are considering this option because you are struggling with the implications of overwhelming debt. If you are no longer able to manage your payments, you may benefit from the protections provided by this legal process. Like many consumers wanting to find a way out from their current financial circumstances, you might want to consider pursuing the Chapter 7 bankruptcy option.  Chapter 7 bankruptcy is a popular option for Pennsylvania consumers facing certain types of debt. There are strict eligibility requireme ..read more
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Saving your business through Chapter 11 bankruptcy
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
8M ago
Owning and operating a business can be a complicated and financially risky endeavor. The nature of any type of business means you are vulnerable to various factors that could affect your customer base, profits, supply costs and more. You may find that these factors and other issues that you may not be able to control may affect your ability to make payments and stay on top of your financial obligations. As a result, you could be dealing with a significant amount of business debt. If your Pennsylvania business is in debt, there are options available to you that could allow you to regain your fi ..read more
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What is modified comparative fault in an accident?
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
10M ago
The aftermath of a car accident is complicated, and you may find it difficult to pick up the pieces and move forward. One of your main concerns is likely regarding how you will pay for the damages to your property and any medical bills you have as a result of the accident. If the accident is the result of the actions of another person or party, you may consider seeking damages through a personal injury claim. The first step will be identifying who or what is to blame for what happened to you.  Certain Pennsylvania car accident laws could impact your case, including those pertaining to mod ..read more
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What is a loan modification, and what can it do for me?
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
1y ago
If you are struggling to keep up with your payments on your loans and other debts, you know this can affect multiple areas of your life. In addition to the stress you feel regarding your financial obligations, you may also experience unpleasant consequences that include phone calls from debt collectors, wage garnishment and threats of foreclosure. You know it is important to regain control of your financial situation as soon as possible.  There are several options available to those who may be struggling with past-due mortgage payments. One of these includes loan modif ..read more
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Is debt settlement a good idea?
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
1y ago
You have probably seen the ads that promise to get you debt free in a short amount of time. If you feel crushed under the weight of your debts, this could sound like music to your ears. Debt settlement companies make big promises of relief from your debts, but they do not always reveal the entire truth about their debt settlement programs or the high risks involved.  Debt settlement is an option you may be considering if you have more debt than you can pay and you have already missed payments. You might even be dealing with a collection agency, and you are looking for a way to h ..read more
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Considering Chapter 11 for your business
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
1y ago
As a Pennsylvania business owner, you have probably been concerned over last few years as giants toppled. Seeing other businesses fail can make you nervous, especially if you have been struggling with your own company’s finances. Taking on more debt to keep your business going may have been a temporary fix, but now you are dealing with creditors who are impatient for what you owe them.  If you are struggling with these obligations, you may be looking for a solution that will allow you to deal with your business debt effectively with&n ..read more
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Will bankruptcy include my student loans?
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
1y ago
Like many Americans, you followed the advice of well-meaning people who urged you to go to college. Perhaps you even got your post-graduate degree expecting that it would open many doors for you and save you from financial struggles. Unfortunately, even a degree from a prestigious university cannot guarantee financial security, and right now, you may be dealing with the same difficulties many in Pennsylvania are experiencing.  On top of your other debts, you also have thousands in student loans to repay. This may not be as easy as you expected, especially if you were u ..read more
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Can Chapter 12 save your family farm?
Thompson Law Group, P.C. | Warrendale Bankruptcy Law Blog
by On Behalf of Thompson Law Group, P.C.
1y ago
If keeping your farm going amid continued financial setbacks is becoming increasingly difficult, you are not alone. Many Pennsylvania farmers have struggled at one time or another when profits are not enough to pay the bills and debts keep piling up. You may be receiving warnings from your creditors, threats of repossession for critical farm equipment and even notices that foreclosure is on the horizon.  Fortunately, your business may be eligible for an option that may put your mind at ease and give you a chance to get back on your feet. Through Chapter 12 bankruptcy, many ..read more
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