To a person facing significant debt, debt settlement schemes can have a forbidden-fruit effect. The relief they claim to offer -- such as full debt relief in a month -- is almost too good to pass up. Yet, most consumers who take this route find the opposite of relief;...
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Month: October 2012
Are you “broke enough” to file bankruptcy?
On Behalf of Pelley Law Office LLP | Oct 18, 2012 | Bankruptcy
Even in today's economy, many people in debt see bankruptcy as a bad word, a word that, if attached to their names, says, "I failed." They shy away from bankruptcy, waiting until they are far over their heads in debt before they consider it as an option. Then, they...
Creditor harassment in Texas
On Behalf of Pelley Law Office LLP | Oct 12, 2012 | Bankruptcy
A man in Lindale, Texas, has filed a lawsuit under the Fair Debt Collection Practices Act, alleging that a collections agency harassingly called his workplace even though he had directly requested that those calls stop.According to the plaintiff, the defendant debt...
Less than two months left on Mortgage Forgiveness Debt Relief Act
On Behalf of Pelley Law Office LLP | Oct 5, 2012 | Bankruptcy
If you are considering a short sale, now is the time to speak with a bankruptcy lawyer. The Mortgage Forgiveness Debt Relief Act of 2007 is set to expire on December 31st of this year. The Act allows homeowners to exempt home debt from taxes if that debt was forgiven...
The FDCPA and Creditor Harassment
On Behalf of Pelley Law Office LLP | Oct 1, 2012 | Bankruptcy
The Fair Debt Collection Practices Act (FDCPA), which is enforced by the Federal Trade Commission, details what debt collectors may or may not do when they collect debt. First and foremost, it prevents debt collectors from using unfair, deceptive or abusive practices...