In a Chapter 7 liquidation case, an individual debtor may redeem certain "tangible personal property intended primarily for personal, family, or household use" that is encumbered by a lien. To qualify, the property generally either (A) must be exempt under section 522...
- 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: May 2011
“Relocating” to Japan Costs Mother Millions of Dollars
On Behalf of Pelley Law Office LLP | May 24, 2011 | Child Custody
Following her 2009 divorce, Noriko Esaki Savoie was given partial custody of her children along with her ex-husband; soon thereafter, she returned to her native Japan, taking her two kids with her. After it became apparent that she would most likely not return to the...
Transferring Property Before Bankruptcy
On Behalf of Pelley Law Office LLP | May 24, 2011 | Bankruptcy
Bankruptcy laws allow debtors to protect and keep certain property from creditors so that the debtor has a better chance at a fresh start after filing bankruptcy. These bankruptcy laws are called exemptions. Many people, however, do not understand these bankruptcy...
Conversion in Bankruptcy
On Behalf of Pelley Law Office LLP | May 23, 2011 | Bankruptcy
Conversion is the action to convert a bankruptcy case from one chapter to another chapter. Conversion can be involuntary or voluntary. Converted cases will have the same case number but will have a different trustee appointed to oversee the administration of the case...
Texas Bill Seeks to Quicken Evidence Testing Process
On Behalf of Pelley Law Office LLP | May 19, 2011 | Criminal Defense
With the purpose of catching rapists and helping to avoid wrongful convictions, a bill to expedite the testing of evidence collected in sexual assault cases moves to the Texas House for consideration after passing the Senate.Authored by Sen. Wendy Davis (D-Fort Worth)...
Expectation of Privacy – Carter v. State
On Behalf of Pelley Law Office LLP | May 18, 2011 | Criminal Defense
This case centered around criminal charges resulting from the search of a motel room proper. It decided that even though the defendant did not consent to the search that he had no reasonable expectation of privacy as he failed to show that he was an overnight guest in...
Bankruptcy and 401(k) Loans
On Behalf of Pelley Law Office LLP | May 18, 2011 | Bankruptcy
Many times, as clients reach the point of filing either a Chapter 7 or Chapter 13 bankruptcy, they have already exhausted all other sources of cash, such as cashing out or borrowing against retirement plans. As many clients cash out their 401(k) accounts, they could...
Chapter 7 and your vehicles
On Behalf of Pelley Law Office LLP | May 18, 2011 | Bankruptcy
Everybody needs to get to work. Most people have kids to take to school, groceries to pick up, or errands to run that just cannot be done in today's world without a car. The bankruptcy code provides exemption schedules as does the Texas Property Code. Those...
Dallas Bankruptcy Blog
On Behalf of Pelley Law Office LLP | May 14, 2011 | Bankruptcy
Chapter 13 and Chapter 7 bankruptcy almost always helps individuals who are discouraged and hampered by pre-existing debt find a fresh financial start. Being in debt can cause a number of problems, and finding a solution to the debt can help alleviate if not often...
Bankruptcy and Divorce
On Behalf of Pelley Law Office LLP | May 14, 2011 | Bankruptcy, Divorce
"Love and Marriage...Love and Marriage..." the song says, "you can't have one without the other." Well, sometimes Bankruptcy and Divorce go hand in hand as well. Often times, if the couple is able to get along well enough through the bankruptcy proceedings before...