A bankruptcy court in Massachusetts has held that an attorney who accepted $10,000 in legal fees must turn it over to a Chapter 7 bankruptcy trustee. The judge in the case found that the money was earned prior to the bankruptcy being filed by the attorney, which means...
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Month: August 2016
Fee-only Chapter 13 may be allowed in some circumstances
On Behalf of Pelley Law Office LLP | Aug 23, 2016 | Chapter 13 Bankruptcy
Texans who are considering filing for Chapter 13 bankruptcy might be interested in a case that was decided in Kansas earlier. In the case, a bankruptcy court ruled that an elderly, retired couple could file for a fee-only Chapter 13 bankruptcy through which they would...
How property is handled after a bankruptcy filing
On Behalf of Pelley Law Office LLP | Aug 17, 2016 | Chapter 13 Bankruptcy
Texas residents may be interested in a Louisiana ruling that may impact their ability to collect an auto accident settlement after declaring bankruptcy. The judge in Louisiana ruled that a settlement stemming from an auto accident claim three years after a Chapter 13...
How trustees handle payments that are returned by creditors
On Behalf of Pelley Law Office LLP | Aug 12, 2016 | Chapter 13 Bankruptcy
When Texans file for Chapter 13 bankruptcy, they will enter into repayment plans that will last from between 3 and 5 years. If a person does not successfully complete the repayment plan, the bankruptcy court may either convert the bankruptcy to a Chapter 7 case or...
Negotiating with credit card companies
On Behalf of Pelley Law Office LLP | Aug 2, 2016 | Debt Relief
Texas residents who rely on their credit cards to make ends meet after an unexpected setback like a layoff or illness sometimes find themselves in deep financial trouble. Revolving debt can be a convenient and straightforward solution to short-term financing needs,...