It is a little late in coming by a lot of peoples' measure, but the federal home-finance companies, Freddie Mac and Fannie Mae say they are now ready to start making it easier for underwater homeowners to obtain some sort of a bailout. Considering that the changes...
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Month: March 2013
Attractive balance transfer deals not always good debt relief bet
On Behalf of Pelley Law Office LLP | Mar 20, 2013 | Debt Relief
How often in the midst of the most recent recession have consumers received pitches from credit card companies inviting them to take out a new account? Such offers were common around Plano and other Texas towns and seemed to be indiscriminate in terms of who they were...
Texas lawmaker’s case shows personal side of business bankruptcy
On Behalf of Pelley Law Office LLP | Mar 13, 2013 | Bankruptcy
A lot of individuals in Texas have faced the quandary of whether to file for bankruptcy in recent years. As readers of this blog likely know, the typical forms of bankruptcy pursued by individuals are Chapter 7, which involves debt relief through the liquidation of...
Experts put little stock in Dow record as economic predictor
On Behalf of Pelley Law Office LLP | Mar 7, 2013 | Chapter 7 Bankruptcy
Economists are not known for being a particularly giddy lot, but some seemed to be downright over the moon earlier this week when the Dow Jones Industrial Average found its way to a new record high. In the 48 hours since that happened, though, more cautious voices...
Chapter 13 study: Saying sorry may not help, might not hurt
On Behalf of Pelley Law Office LLP | Mar 1, 2013 | Chapter 13 Bankruptcy
When a person goes before a judge with a personal bankruptcy filing, there is nothing in the rules of engagement -- the Bankruptcy Code -- that suggests what the judge should do if the filing includes an apology.Acknowledging that attitudes about bankruptcy in Texas...