It has recently been reported that the restaurant chain Z'Tejas has filed for Chapter 11 bankruptcy. According to the bankruptcy filing, the company, founded in Texas in 1989, owes $9.3 million to over 200 creditors. One of the company's debts includes a $17,448.61...
- Bankruptcy Stressed out from creditors calling you? Frustrated with your debt? We can help.
- Criminal Defense Under investigation? Been arrested? Keep your mouth shut!
Month: July 2015
Celebrity bankruptcies show the ups and downs of success
On Behalf of Pelley Law Office LLP | Jul 21, 2015 | Bankruptcy
Fortunes go up and down for famous people in Texas and around the country. Like others who are not as well known, they experience financial challenges, such as divorce, lawsuits and business failures. Their troubles make the headlines, however, because of the large...
Foreclosure rates rising across the nation
On Behalf of Pelley Law Office LLP | Jul 17, 2015 | Foreclosure
Texas homeowners may be interested to know that although their home state isn't among the top 10 for foreclosures, the national averages are rising. According to statistics published in June 2015, one out of every 1,041 homes or housing units had undergone filings in...
Foreclosures versus short sales
On Behalf of Pelley Law Office LLP | Jul 9, 2015 | Foreclosure
Many Texas homeowners who get behind on their mortgages and who have little hope of catching up initially attempt to sell their homes in the hope a sale will solve the problem. If the home does not immediately sell, however, they may be left trying to decide between...
2 options for paying off debts faster
On Behalf of Pelley Law Office LLP | Jul 7, 2015 | Debt Relief
Getting out of debt is something that takes work, especially if some of it involves credit card bills. The interest alone on credit card bills can sometimes mean that making only the minimum payment isn't enough to effectively pay off the balance. For Texas residents...
Rules on debt collection and notification
On Behalf of Pelley Law Office LLP | Jul 6, 2015 | Debt Relief
Consumer debt remains a constant concern for many Texas residents in the post-recession economy. One of the problems cited by some debt holders concerns loopholes in the Fair Credit Reporting Act that allow some non-institutional creditors to delay billing and delay...