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Bankruptcy > For Debtors > Welcome – General Bankruptcy Philosophy


General Bankruptcy Philosophy for Debtors

Nobody wants to file for bankruptcy, but nobody plans to be hurt by a tough economy. Thompson Law Group, P.C. is dedicated to providing comprehensive bankruptcy advice and quality legal service. Thompson Law Group prides itself on having a friendly, knowledgeable, and experienced staff that is able to handle all aspects of the client’s bankruptcy case. Thompson Law Group attorneys and staff work with every client to reach the appropriate and best financial decision for each client’s specific situation.


Bankruptcy is NOT designed to devastate you or your business financially. It is designed to help those who have found themselves in financial distress, for whatever reason, create a better financial future. Sometimes circumstances are beyond our control. Bankruptcy is designed to help those in financial crisis, by eliminating credit card debt and medical bills or by helping to reorganize a person’s financial situation. There are many myths about debt consolidation or “secret” government programs, but no one can guarantee to resolve financial hardship for pennies on the dollar. It is simply not a guarantee that can be made. Bankruptcy CAN guarantee a resolution. Bankruptcy is designed to allow you or your business to move forward to a better financial future. No matter what your circumstances or type of debt, bankruptcy is always an option. You owe to yourself and your family to learn ALL of the facts about bankruptcy and other options when you are in financial distress or even anticipate that you may be in financial distress in the future. We urge every person or business that is in financial hardship or anticipate financial hardship to seek the advice of an attorney before taking any action. Many times bankruptcy is not the optimal solution to a financial problem, but it is important to get the facts about your particular circumstances from a knowledgeable professional. In some case, bankruptcy may be the best option as in certain circumstances it allows you to eliminate a second mortgage or revalue a piece of personal property (like a car) to pay only the amount that the personal property is worth and not the amount that is owed. In addition, bankruptcy eliminates most if not all of your unsecured debt (i.e. credit card debt and medical bills).


Thompson Law Group, P.C. provides a free consultation with an attorney so that you can learn ALL of the facts about your financial options before deciding what is best for you, your family and your business. At that time of the consultation, clients discuss their particular financial circumstances. The attorney will answer questions and explain the bankruptcy process and other non-bankruptcy options. Thompson Law Group strives to keep clients informed of the status of their case, but at the same time tries to relieve clients of as much stress and anxiety as possible. Please call or email us for an appointment. We look forward to working with you towards resolving your debt problems. Together we will find the best solution and help you find peace of mind.


The Thompson Law Group, P.C. is a Congressionally-designated debt relief agency that provides legal assistance to consumers and small businesses seeking relief under the United States Bankruptcy Code.

    
 
Disclaimer
The information provided in this website is meant only as a general description of the current laws as of the date of the writing. It is not meant to be an exhaustive discussion of all the nuances of the law and is intended to be only an overview. Many issues may appear simpler than they are, and an individual should always contact an attorney to obtain a complete, accurate interpretation of the law given the individual's particular circumstances. Thompson Law Group, P.C. makes no representations as to how the law would affect a particular situation and intends only to illustrate areas of concern and give general information.

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