William L. Pegg, Jr.

22 Jan 2011 02:13 pm

The U.S treasury is implementing maneuvers aimed at preventing it from hitting the legal debt
limit which is eminent. These actions are only a small step in freeing up new borrowing capacity, which do little to remedy the record high deficit by the USA and also major economic markets such as Japan and in Europe.
About William [...]

09 Jan 2011 02:32 pm

Several new studies are showing that more elders are living with heavy credit card debt and are using their credit cards to pay basic expenses like gas and groceries.
Read study here
It is no surprise that growing numbers of the elderly have or are looking for jobs. A report from the Sloan Center on Aging and [...]

06 Jan 2011 02:47 pm

In a letter to congressional leaders, Geithner said Treasury estimates that U.S. borrowing needs could push the amount of debt past the legal borrowing limit of $14.294 trillion sometime between March 31 and May 16.
Read more: http://money.cnn.com/2011/01/06/news/economy/debt_ceiling_treasury/
About William L. Pegg, Jr. – ATTORNEY AT LAW
Morristown, New Jersey lawyer with over 36 years experience in [...]

06 Jan 2011 02:43 pm

As a new and politically divided Congress prepares to convene Wednesday, the newly muscular Republicans and the White House seem to be on a collision course over whether to raise the federal debt ceiling.
Read more: http://www.foxnews.com/politics/2011/01/04/battle-brewing-federal-debt-limit/
About William L. Pegg, Jr. – ATTORNEY AT LAW
Morristown, New Jersey lawyer with over 36 years experience in the Bankruptcy [...]

06 Jan 2011 02:30 pm

Personal bankruptcies rose to 1.53 million, up 9% from 2009, the highest level since a revamp of the law took effect in 2005, according to the American Bankruptcy Institute, an association of attorneys and other bankruptcy professionals, and the National Bankruptcy Research Center.
Read more:
http://online.wsj.com/article/SB10001424052748704111504576060181631140482.html

About William L. Pegg, Jr. – ATTORNEY AT LAW
Morristown, New Jersey [...]

05 Jan 2011 06:36 pm

MGM has officially emerged from bankruptcy. A press release today from the debt-hobbled studio confirms that after seven weeks the company has been restructured, with $500 million in financing. Spyglass Entertainment heads Gary Barber and Roger Birnbaum will serve as co-chairman and CEOs. No word yet on when the next James Bond movie will restart [...]

05 Jan 2011 06:33 pm

Many companies that charge big upfront fees to consumers drowning in debt are skirting new federal rules that ban abusive debt-settlement practices, according to consumer advocates and government officials.
Federal Trade Commission rules that took effect this fall ban debt-fixers engaging in telemarketing from misrepresenting their services, such as swearing to cut your debt in half [...]

05 Jan 2011 06:29 pm

The cost of a college education is rising faster than the cost of medical care and as much as three times as fast as consumer prices in general. But that’s just the beginning of the price of admission.
Full Story – http://www.msnbc.msn.com/id/40772705/ns/business-cnbc_tv/