Those who study home loans say that homeowners who took out a home equity line of credit during the housing boom could trigger a new wave of foreclosures. This is because the payments on those loans are about to increase significantly, and in some cases, homeowners...
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Month: April 2015
Chapter 13 bankruptcy and home foreclosure
On Behalf of Pelley Law Office LLP | Apr 24, 2015 | Chapter 13 Bankruptcy
Individuals in Texas who have filed for Chapter 13 bankruptcy may wonder what to do if they find that they still cannot make payments on their mortgage. There are two solutions available if an individual no longer wishes to continue making house payments in this...
Criminal Charges Against Case Runner Include Bankruptcy Fraud
On Behalf of Pelley Law Office LLP | Apr 15, 2015 | Chapter 7 Bankruptcy
A San Antonio area man was arrested while trying to flee to Mexico this past Friday. He had been financing an extravagant lifestyle with funds stolen from a number of local law firms that he managed. While not a lawyer, this man was in charge of funds that should have...
Dischargeable debt in Chapter 13
On Behalf of Pelley Law Office LLP | Apr 14, 2015 | Chapter 13 Bankruptcy
As Texas residents may know, Chapter 13 bankruptcy allows an individual to reorganize debt and make payments on it over a three- to five-year period while retaining primary residence ownership. However, individuals may not be aware of recent changes in the law.Chapter...
Options to eliminate debt and stop creditor harassment
On Behalf of Pelley Law Office LLP | Apr 8, 2015 | Debt Relief
Texas residents who are struggling to pay off their debts may be interested in some of the options available to eliminate debt. Depending on a person's situation, any of these options may be the key to ending creditor harassment. One method to eliminate debt is to...
Bankruptcy Provides Leverage In Dealing With Creditors
On Behalf of Pelley Law Office LLP | Apr 6, 2015 | Debt Relief
Difficult debt situations can become overwhelming in the blink of an eye. Many people who are facing difficult debt have been fighting for a long time to keep their heads above water only to have some unfortunate event push them over the edge and into a situation...