14 Feb 2011 02:12 pm
Bankruptcy is a legal term to describe the situation when a person or business is unable to pay off its outstanding debts. It is a legal declaration that there is no possible way to pay off the creditors.
Filing for Bankruptcy is a difficult decision for anyone to go through both economically and emotionally. Hiring the [...]
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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 [...]
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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 [...]
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15 Nov 2010 11:49 am
William L. Pegg, Jr. is an Attorney with over 36 years experience located in Morristown, New Jersey.
Contact us today for a free consultation!
If you are considering filling for Bankruptcy in New Jersey there are some things you should avoid prior to filling via an attorney:
Do not run up your credit cards prior to filling as [...]
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17 Sep 2010 04:33 pm
William L. Pegg, Jr is an Attorney working in Morristown, New Jersey with over 36 years of experience helping clients overcome credit card debt, medical bills, foreclosure defense and counseling for sound financial planning.
Debt settlement companies are aggressively advertising all over the radio and television across the United States promising hope filled slogans like “Reducing [...]
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31 Aug 2010 05:19 pm
William L. Pegg, Jr. is an Attorney with over 36 years experience located in Morristown, New Jersey.
Contact us today for a free consultation!
Should I be filing Bankruptcy?
Bankruptcy Court can sound pretty intimidating but don’t let that discourage you from learning more about how this legal process works and how it was designed to protect individuals [...]
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30 Jun 2010 03:17 pm
The recession in the United States is increasing demand for at least one very expensive service: a graduate education. This year there has been an increase of 13% enrollment.
College is an expensive decision. Even a student who receives substantial financial aid will often have outstanding credit card debt to cover their extra expenses, including food. [...]
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19 Apr 2010 04:01 pm
Mr. Pegg handles matters related to business law, including business formation, governance (i.e., the way in which a company is directed, administered or controlled, as well as the relationship between owners, managers and other key people), business transactions, business dispositions (e.g., the purchase and sale of businesses), business dissolutions, business litigation, dispute resolution and commercial [...]
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19 Apr 2010 03:58 pm
Mr. Pegg understands the need for real-time counsel and makes a special point of being accessible and responsive to all of his clients. More importantly he is very sensitive to clients’ budgetary concerns and limitations. In an effort to provide the most effective and economical legal representation, Mr. Pegg strives to provide the clients with [...]
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19 Apr 2010 03:39 pm
Bankruptcy affects your credit rating for seven years after filing, do take note that often times the overall credit score actually increases if credit is rebuilt following sound practices. When applied appropriately, filing in a Bankruptcy court not only improves your financial background by the fact that you are now debt free, it also demonstrates [...]
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Thank you.