08 Jan 2010 01:12 pm
THE PERILS OF BANKRUPTCY AVOIDANCE
Many people will go to great extremes to avoid filing a bankruptcy, all of which plays into the hands of their creditors and in the long run costs then dearly and fails to resolve their financial problems. Instead of seeking proper legal advice, they go on to the internet seeking legal advice and wind up hiring a debt consolidation company. Thousands of dollars of “blood money” is then “invested” over a course of many months in an attempt to pay down their unsecured creditors. After a time, they realize that they are getting almost no where and that the process will continue for years to come. Why do people do this?
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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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07 Jun 2010 12:03 pm
Increasing amounts of people are finding it impossible to stay current with their mortgage, vehicle payments and outstanding credit card debt; This is not a new phenomenon, rather a growing trend. In 2008-2009 more than 2.5 million individuals filled for bankruptcy protection. In 2006-2007 there where 1.4 million. Fillings in 2010 are up 14% from [...]
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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.
