Pelley Law Office LLP
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December 2012 Archives

Bank accused of betraying agreements

Texans who bank with Wells Fargo & Co. may be interested to know recent litigation the bank has been involved with. The bank is accused of reneging on their mortgage modification agreements. Homeowners who are struggling to keep their homes in light of the recent financial difficulties, brought a case against the bank as a result of "pick-a-pay" loans which were written during the so-called 'housing bubble.' Since then, the bank has failed to keep the promises made to these borrowers per the national class-action settlement.

Couple facing prison after bankruptcy fraud

Texas residents may not be familiar with a recent case from Illinois, but will no doubt be interested in the results. The couple involved is now facing up to five years in prison after admitting to fraud. They concealed nearly $112,000 from a legal settlement when they applied for bankruptcy.

Student loan debt continues to rise. Can bankruptcy help?

The third quarter report by the Federal Reserve Bank of New York we discussed in our last blog post shows that student loan debt increased nearly 4.6 percent between quarter two and quarter three. This is a substantial amount, given that if it continues, that could mean a yearly increase of 20 percent.

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Plano Office
1312 14th Street, Suite 100
Plano, Texas 75074

Phone: 972-608-0335
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Sherman Office
905 North Travis Street
Sherman, Texas 75090

Phone: 903-813-4778
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6060 North Central Expressway, Suite 602
Dallas, Texas 75206

Phone: 214-733-1775
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