Filing for bankruptcy is not a decision that many people in Texas take lightly -- nor should they. Although bankruptcy can be an effective debt relief tool, it is important to consider exactly what it will mean for you and your future before you choose to file.One of...
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Month: March 2015
Collection agency pursuit of unverified debt
On Behalf of Pelley Law Office LLP | Mar 30, 2015 | Debt Relief
As Texas residents may know, debtors who suffered through the recent financial crisis may be seeing the prospect of increased opportunity in the job market. This relief may be coupled with the burden debtors face due to debt collection activities. In New York, the...
Actions to avoid before filing bankruptcy
On Behalf of Pelley Law Office LLP | Mar 26, 2015 | Bankruptcy
When a person in Texas files for bankruptcy protection, a trustee is assigned by the court. In addition to assessing assets the debtor has on hand that can be sold to pay off creditors, the trustee is also responsible for determining whether valuable assets were...
Study shows arbitration is not good for consumers
On Behalf of Pelley Law Office LLP | Mar 18, 2015 | Debt Relief
The Consumer Financial Protection Bureau recently completed a study that may be of particular interest to Texas credit card holders. The research examined the impact of arbitration agreements for financial customers and found that they do, in fact, prevent lawsuits....
When bankruptcy can be the correct choice
On Behalf of Pelley Law Office LLP | Mar 10, 2015 | Bankruptcy
The last time a major change was made to bankruptcy laws was in 2005, when new regulations were passed that made it more difficult for people to file. Due to the stigmata that tends to be associated with filing for bankruptcy, it was considered by many to be a good...
Texas bankruptcy and federal tax debt
On Behalf of Pelley Law Office LLP | Mar 5, 2015 | Bankruptcy
People considering filing bankruptcy in Texas should be aware that only certain types of bankruptcy allow for tax debt relief. In addition, only certain kinds of federal tax debt are eligible for relief. Understanding how various types of bankruptcy work is important...