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LGL 209 – Assignment 1

Assignment 1 Client Mr. Jacobs comes into our office for consultation to file for bankruptcy. He and his wife owe a total of $50,000 in debts and they are not able to fully repay these monies. He is afraid of the consequences that can result if they do not fully repay their debts. Client would like to know what are their best options. Based on the information covered in class and your reading, please discuss how you approach this matter to address our client’s concerns.