Pelley Law Office LLP
Dallas Office
Plano Office
Sherman Office

No Charge For Initial Consultation ($250 value)

Menu Contact

Over 80 Years Of Combined Experience

View Our Practice Areas

Posts tagged "debt"

When Chapter 13 bankruptcy payments are late

Texas residents who file a Chapter 13 bankruptcy sometimes wonder what would happen if they run into financial difficulties and are unable to make one of their required monthly payments on time. These payments are generally sent to a designated bankruptcy trustee who then passes the money along to the debtor's creditors, and, in these situations, payments that arrive a few days late will rarely cause many problems. However, it may be wise for debtors to find out when the bankruptcy trustee sends these payments out each month.

Student loan debt continues to rise. Can bankruptcy help?

The third quarter report by the Federal Reserve Bank of New York we discussed in our last blog post shows that student loan debt increased nearly 4.6 percent between quarter two and quarter three. This is a substantial amount, given that if it continues, that could mean a yearly increase of 20 percent.

Promising debt numbers from the Federal Reserve Bank

Data from the Federal Reserve Bank shows some promising figures regarding American debt: Household debt fell $74 billion in the third quarter of 2012 and mortgage debt fell $120 billion. In fact, mortgage debt is at its lowest level since 2006 and foreclosure numbers continue to drop.

HARP refinancing: Freddie Mac erected barriers

According to new information recently disclosed by Freddie Mac officials, the mortgage company intentionally made it harder for Americans to refinance high interest mortgages because of its bottom line. In other words, they intentionally kept Americans locked in their high interest mortgages by creating barriers to HARP (Home Affordable Refinance Program) refinancing.

The FDCPA and Creditor Harassment

The Fair Debt Collection Practices Act (FDCPA), which is enforced by the Federal Trade Commission, details what debt collectors may or may not do when they collect debt. First and foremost, it prevents debt collectors from using unfair, deceptive or abusive practices to collect on a debt.

Bankruptcy and Medical Debt

There is a strong misconception that people who apply for bankruptcy are errant debtors who have spent beyond their means and are now looking for a quick fix. However, that misconception is far from the truth. Instead, many debtors are suffering from the shock of job loss or unexpected bills. And one of the main culprits is something that none of us can fully avoid: medical bills.

You Have Options When Faced With Creditor Harassment

In recent years, job losses and the mounting debt that follows have made it more difficult for some people to keep current on their bills. Unfortunately, when people go into debt, they must often face phone calls and other contact from their creditors, often making a bad situation much worse.

FTC Files Lawsuit to Shut Down Mortgage and Debt Relief Scam

If you are looking for debt relief options, do your research. Debt relief scams continue to push already-struggling debtors further under water. Filing for bankruptcy through an experienced Plano bankruptcy attorney may be a better option to reduce your mortgage or credit card debt.

Awards & Recognition

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Locations

Plano office
Sherman office
Dallas office

Plano Office
1312 14th Street, Suite 100
Plano, Texas 75074

Phone: 972-608-0335
Map & Directions

Sherman Office
905 North Travis Street
Sherman, Texas 75090

Phone: 903-813-4778
Map & Directions

Dallas Office
100 Crescent Court
Suite 700
Dallas, Texas 75201

Phone: 214-733-1775
Map & Directions