Bankruptcy stigmas are beginning to fade as more and more people file for bankruptcy, including those in the public eye. Most recently, Teresa Giudice, a reality TV star on Bravo's "Real Housewives of New Jersey," talked about what it was like to file for Chapter 7...
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Month: June 2012
Bankruptcy and Medical Debt
On Behalf of Pelley Law Office LLP | Jun 20, 2012 | Bankruptcy
There is a strong misconception that people who apply for bankruptcy are errant debtors who have spent beyond their means and are now looking for a quick fix. However, that misconception is far from the truth. Instead, many debtors are suffering from the shock of job...
Unexpected financial crisis during Chapter 13 bankruptcy
On Behalf of Pelley Law Office LLP | Jun 15, 2012 | Chapter 13 Bankruptcy
Financial problems have a way of hitting us when we are down. Most people who declare bankruptcy are hard workers who find themselves in tough financial situations. Filing for bankruptcy helps those individuals and families start anew on a stronger financial footing....
Default Judgments, Creditor Harassment and Bankruptcy
On Behalf of Pelley Law Office LLP | Jun 8, 2012 | Bankruptcy
You didn't reply to a lawsuit and a default judgment has been entered against you and in favor of your creditor. Now what?A default judgment is a judgment in favor of a party (in your case, the creditor) when the other party has not submitted an answer to the...