Texas residents may experience financial problems from time to time. However, individuals who are consistently making late payments or have not gotten around to creating a budget may benefit from a talk with a credit counselor so that they can learn more about their...
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Chapter 7 Bankruptcy
Determining bankruptcy estate assets in Texas
On Behalf of Pelley Law Office LLP | Aug 29, 2016 | Chapter 7 Bankruptcy
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...
Chapter 7 bankruptcy and carve-out agreements
On Behalf of Pelley Law Office LLP | May 31, 2016 | Chapter 7 Bankruptcy
Many Texans struggle with debt levels that have become simply unmanageable. When people are struggling, they may also be facing foreclosure actions in addition to being unable to pay their unsecured debts. This combination of factors may lead them to consider filing...
HealthSpot files for Chapter 7 bankruptcy
On Behalf of Pelley Law Office LLP | Jan 21, 2016 | Chapter 7 Bankruptcy
Technological advances have provided interesting solutions for Texas residents in need of quick answers to minor health care concerns. Kiosks that provide for interaction in real time with a doctor have been developed and placed in both retail and work locations to...
Student loans and bankruptcy in Texas
On Behalf of Pelley Law Office LLP | Jan 12, 2016 | Chapter 7 Bankruptcy
In some cases, it may be possible to get student loans discharged in bankruptcy. However, that is not a given, and whether or not these loans are discharged depends largely on the circumstances surrounding a case. For some, it may be possible to have private student...
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...
Reality television star filed for Chapter 7 bankruptcy
On Behalf of Pelley Law Office LLP | Nov 30, 2015 | Chapter 7 Bankruptcy
Texas residents who watch reality television shows may be aware that several prominent reality stars including Sonja Morgan, Teresa Guidice and Alexis Bellino have filed bankruptcies in recent years after running into financial problems. Morgan appeared on 'Real...
Converting to Chapter 7 bankruptcy from Chpater 13
On Behalf of Pelley Law Office LLP | May 29, 2015 | Chapter 7 Bankruptcy
Some Texas residents may know that the United States Supreme Court ruled in May that funds that were not distributed to creditors while a debtor was in Chapter 13 bankruptcy must be returned to the debtor by the trustee if the bankruptcy is converted to Chapter 7....
Another look at Chapter 7 bankruptcy
On Behalf of Pelley Law Office LLP | May 12, 2015 | Chapter 7 Bankruptcy
Many people living in Texas struggle with high levels of debt. These individuals may seek various types of debt relief, including credit counseling, debt settlement and other types of repayment plans. While these efforts sometimes work, many people find that filing...
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...