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Bankruptcy is a tool for dealing with debt problems

Dealing with debt problems can be isolating. It can be a heavy burden for a Warrendale resident to carry, especially when his debt issues prevent him from caring for his loved ones and moving his life forward. Debt comes in all shapes and forms, but often individuals find themselves facing financial struggles when they incur heavy medical bills, unmanageable mortgage payments and significant credit card debt.

In situations where a person cannot remedy his debt struggles on his own, it is important for him to know that he has options. There are different debt relief strategies that he may employ to deal with his financial obligations. One of those strategies is filing for bankruptcy.

Most individuals who choose to file for bankruptcy either pursue Chapter 7 bankruptcy or Chapter 13 bankruptcy. Each offers individuals different protections and requirements for filing, so it is important for a person to understand what rules she will be subject to when she seeks debt resolution through the bankruptcy courts.

The attorneys of the Thompson Law Group offer their clients comprehensive bankruptcy guidance, from individual claims under Chapter 7 and Chapter 13, to more complicated business bankruptcy filings under Chapter 11. They understand that dealing with debt problems is not something most people want to talk about, but that managing them is something that many people need help with.

In some situations, personal bankruptcy may not be the best option for a person or may be avoidable through other debt management tactics. The Thompson Law Group is prepared to help Warrendale residents make good choices about how to manage their debts and work toward financial solvency.

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