Dallas readers might have been familiar with the child pop singer Aaron Carter, the younger brother of Nick Carter from the Backstreet Boys. A bankruptcy coming from a celebrity might seem surprising, but in this case it explains a lot about what happens when you come...
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Month: November 2013
2013 holiday spending expected to be more trimmed than trees
On Behalf of Pelley Law Office LLP | Nov 18, 2013 | Debt Relief
The trees may be decked as usual with the traditional icons of holiday cheer this year, but a Gallup poll suggests there might be fewer items under those trees. It turns out, perhaps not too surprisingly, that a lot of people are still experiencing financial hardship...
Do fewer bankruptcy filings mean all is well? Not necessarily
On Behalf of Pelley Law Office LLP | Nov 11, 2013 | Bankruptcy
Bankruptcy filings are down as we close out 2013. According to Marketplacel.org, the number of individuals seeking debt relief through the various forms of bankruptcy is down by about 30 percent from what it was at the height of the recent recession.Does that mean...
Sunland Chapter 7: Could there be ‘trickle down’ effect?
On Behalf of Pelley Law Office LLP | Nov 4, 2013 | Chapter 7 Bankruptcy
Trickle-down theory is something that took the nation by storm back in the days of Ronald Reagan. The concept behind it was that if you lower tax rates for investors -- usually the wealthy -- it frees up more money to stimulate production, and spur growth that...