Texans have several options when they are facing overwhelming levels of debt. Those choices may include getting help from a credit counseling agency, engaging in a personal budgeting plan, going through debt settlement companies or filing for consumer bankruptcy. It...
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Month: July 2016
Paying off debt
On Behalf of Pelley Law Office LLP | Jul 22, 2016 | Debt Relief
People who are struggling with debt in Texas may be looking at debt management programs that can help them pay down their bills. One common strategy for paying bills is the so-called "debt snowball." The "snowball" works like this: A debtor makes a list of all of his...
Bankruptcy court questions 50 Cent’s Instagram posting
On Behalf of Pelley Law Office LLP | Jul 14, 2016 | Chapter 13 Bankruptcy
Texas fans of rapper 50 Cent may have heard that the entertainer filed for bankruptcy. He had faced a lawsuit from a woman involving a sex tape and had been ordered to pay her $7 million. With this debt on top of some losses in business, 50 Cent turned to...
Court rules that indemnity provision is not support
On Behalf of Pelley Law Office LLP | Jul 5, 2016 | Chapter 13 Bankruptcy
Texas residents may know that student loans and back taxes are not usually discharged by a Chapter 7 or Chapter 13 personal bankruptcy, but they might not be aware that alimony and maintenance payments required by divorce settlements could also be nondischargeable. A...