Some Texas residents may know that the United States Supreme Court ruled in May that funds that were not distributed to creditors while a debtor was in Chapter 13 bankruptcy must be returned to the debtor by the trustee if the bankruptcy is converted to Chapter 7....
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Month: May 2015
Texas student loan borrowers may be scam victims
On Behalf of Pelley Law Office LLP | May 19, 2015 | Debt Relief
The attorney general of Illinois has sued five companies that it claims broke state law when it demanded upfront fees in exchange for assistance with student loan repayment problems. The companies named in the lawsuit reportedly asked for as much as $1,250 to provide...
Another look at Chapter 7 bankruptcy
On Behalf of Pelley Law Office LLP | May 12, 2015 | Chapter 7 Bankruptcy
Many people living in Texas struggle with high levels of debt. These individuals may seek various types of debt relief, including credit counseling, debt settlement and other types of repayment plans. While these efforts sometimes work, many people find that filing...
New Supreme Court decision about Chapter 13 bankruptcy
On Behalf of Pelley Law Office LLP | May 8, 2015 | Chapter 13 Bankruptcy
Texans who are planning to file Chapter 13 bankruptcy petitions should take note of a recent U.S. Supreme Court decision that could affect those cases. The ruling, issued on May 4, ended a circuit court split regarding the ability of people to appeal denials of their...