Thompson Law Group, P.C.

March 2020 Archives

Some property is exempt under Chapter 7 bankruptcy

When a person files Chapter 7 bankruptcy, they often have to give up some property in order to receive financial relief. However, many people do not realize that they can file under Chapter 7 and still keep many kinds of personal property. With a strong legal strategy and careful planning, a bankruptcy can offer struggling individuals and families a fresh start in a difficult season.

Saving the car during uncertain times

Having a car is more of a necessity than a luxury in a lot of places in Pennsylvania. Unfortunately vehicles are expensive, and very few people can afford to purchase one outright. This means the average person has to take out an auto loan when getting a car. As the COVID-19 virus continues to affect the American economy and even put some people out of work, saving the car amid this difficult time could be difficult.

Consumer debt makes saving the home a priority

Most adults in Pennsylvania have at least some consumer debt. This includes things like credit card balances, medical bills and student loans, but excludes mortgages and auto loans. But carrying consumer debt can actually complicate a homeowner's ability to keep up with mortgage payments. As these balances build up, saving the home often becomes a priority.

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Warrendale Office
Main Office
125 Warrendale-Bayne Road
Suite 200
Warrendale, PA 15086

Phone: 724-799-8404
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101 North Main Street, Suite 104-A
Greenburg, PA 15601

Phone: 724-832-3500
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Canonsburg, PA 15317

Phone: 724-799-8404
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500 Grant Street, Suite 2900
Pittsburgh, PA 15219

Phone: 412-823-8080
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Building 1, 201 Penn Center Blvd., Suite 400
Pittsburgh, PA 15235

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1001 State Street
Suite 1400
Erie, PA 16501

Phone: 814-451-1125
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