For many people, bankruptcy provides a new start in their financial lives. Depending on which form of bankruptcy you qualified for, you may be debt-free, or you may be making payments on some debts, such as your mortgage. A Chapter 13 bankruptcy reorganizes your debts...
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Month: December 2013
Nov. foreclosure decline called sign of housing recovery
On Behalf of Pelley Law Office LLP | Dec 17, 2013 | Foreclosure
The latest numbers from RealtyTrac Inc. on the state of foreclosures nationally are likely to be greeted as good news by many. From a big-picture perspective, they are encouraging.The foreclosure listing company reported recently that the rate of homes facing lender...
Which form of bankruptcy is right for you?
On Behalf of Pelley Law Office LLP | Dec 13, 2013 | Bankruptcy
Many people live with significant amounts of debt and struggle to make ends meet. People who have a difficult time paying down their debt often have a hard time paying for everyday expenses. The situation only gets worse when debt collectors start calling, trying to...
Post-bankruptcy American Airlines enters new stage of life
On Behalf of Pelley Law Office LLP | Dec 9, 2013 | Bankruptcy
It's official. American Airlines has been reborn. As of this morning, Dallas-based American and US Airways were consolidated into what is the world's largest airline. The company is retaining the American Airlines name, but its executive team will be comprised mainly...
Chapter 13 bankruptcy changes could be forthcoming
On Behalf of Pelley Law Office LLP | Dec 6, 2013 | Chapter 13 Bankruptcy
Chapter 13 bankruptcy differs from Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, filers are given the opportunity to pay off one's creditors - or at least pay part of what is owed. The repayment usually occurs over three to five years, and in many cases, the filer...