Even if a reader of this Pennsylvania bankruptcy-and-debt-relief-law blog is completely unfamiliar with the term 'underwater mortgage' she may have a feeling that it is not a good thing. Being underwater implies the possibility of drowning, and an underwater mortgage...
Year: 2016
You can restructure business debts through Chapter 11 bankruptcy
Not every business that files for bankruptcy is prepared to close its doors. In fact, many Pennsylvania businesses wish to continue their operations despite their financial hardships. When a business is prepared to put in the work and create a plan that will lead to...
Avoid lengthy probate process with an estate plan
It can be difficult for Pennsylvanians to get past the challenges that present themselves each and every day. Just getting through the workday, spending time with family and taking care of home projects can be enough to fill the hours that pass during any given week....
Will mortgage loan modification help me?
Mortgage loan modification is an option for those who become unable to pay their mortgage. This could be due to a decrease in income or other unexpected expenses that come up and prevent someone from being able to make full mortgage payments.Essentially, a mortgage...
Child injured in area hit-and-run accident
The school year is well underway for Cranberry Township students, and many children are thinking ahead to their coming winter breaks. Though they will have to get through assignments and quizzes, reports and tests before they can enjoy some well-deserved time off from...
What happens during the probate process?
When planning an estate, one tip that people hear over and over is to avoid probate. Probate can be a lengthy and potentially expensive process of distributing property after someone has passed away. It can also be a stressful time for the family of the person...
Will all of my debts be erased after filing for bankruptcy?
Filing for bankruptcy can be an overwhelming experience for individuals who have struggled to make ends meet. Though it is not uncommon for Pennsylvania residents to seek the protections of the bankruptcy courts, many people do not feel comfortable managing the...
Chapter 11 Bankruptcy: An Overview
Though many bankruptcy proceedings begin when debtors choose to file petitions for bankruptcy protections, readers of this Cranberry Township bankruptcy law blog may be surprised to know that in Chapter 11 bankruptcy, a creditor can file to initiate the proceedings....
Our firm can help during your bankruptcy proceedings
Deciding to file for bankruptcy is not a sign of weakness or failure. For many Pennsylvania residents, it is actually the first step they may take toward setting themselves on a path to a fresh start. The Thompson Law Group and its dedicated team of legal...
Why do so many businesses file for Chapter 11 bankruptcy?
Readers of this Pennsylvania bankruptcy law blog may be interested to know that there are a variety of different forms of bankruptcy protections. Contrary to what some may believe, bankruptcy is not a single process that applies to individuals and businesses alike;...