Although credit cards can be helpful for addressing short-term expenses, many Texas residents find that as interest accrues, payments become increasingly difficult to manage. This is especially true if there are many accounts in question. Medical bills and other debts...
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Month: December 2015
How bankruptcy and divorce can be intertwined
On Behalf of Pelley Law Office LLP | Dec 17, 2015 | Chapter 7 Bankruptcy
Many Texas marriages founder due to adverse financial circumstances. When people decide to end their marriage as well as seek bankruptcy protection, they need to be aware of some important factors that may change the order in which they should file the two cases. If...
Texas energy firm files bankruptcy after falling oil prices
On Behalf of Pelley Law Office LLP | Dec 9, 2015 | Bankruptcy
Energy & Exploration Partners of Fort Worth and an affiliate filed for Chapter 11 bankruptcy protection after the Texas firm was unable to pay millions of dollars in debt, citing changes to the world oil market. The supplier and service companies filed late on...
Ways to improve financial status
On Behalf of Pelley Law Office LLP | Dec 4, 2015 | Debt Relief
As Texas residents may know, being able to control debt makes it easier to take out a loan, rent a home or purchase a vehicle, among other things. According to NerdWallet, the average credit card holder owes slightly more that $16,000, and about $155,000 is the...