On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Tuesday, February 14, 2012 There are some signs that the U.S. economy is recovering from its recent recession, but the financial told the past few years has had on millions of Americans is still being felt. Many have no choice […]
Archives for October 2012
Could you lose your house simply by applying for bankruptcy?
On behalf of Ellett Law Offices , P.C. posted in 1. Chapter 7 on Thursday, February 9, 2012 No. Filing a bankruptcy will not cause you to lose your home. In fact, as long as you can afford your first mortgage, you probably can keep your home. Often through a chapter 13 bankruptcy, you can […]
Employee sues Kodak, cites bankruptcy for drained retirement plan
On behalf of Ellett Law Offices , P.C. posted in 1. Personal Bankruptcy on Thursday, February 2, 2012 Kodak filed for bankruptcy two weeks ago, and there has been a backlash from employees concerning the rapid demise of the company. These employees have invested time, energy and money into the company, and for some, their […]
Report shows rise in complaints of abusive debt collectors
On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Monday, January 23, 2012 We discussed the debt collection practices of Capital One in December, outlining the aggressive and harassing methods they used to recover money from debtors. In quite a few of the situations involving Capital One, the debtor […]
Bankruptcies decline in 2011 but analysts cautious about 2012
On behalf of Ellett Law Offices , P.C. posted in 1. Personal Bankruptcy on Thursday, January 19, 2012 During the past few years as economic times have grown difficult, personal bankruptcy rates have seen a natural rise. Phoenix residents are all too familiar with filing for bankruptcy as the state of Arizona has been hit […]
National credit card debt sees upward trend at end of 2011
On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Monday, January 9, 2012 For the third straight month, ending in November 2011, consumer credit card debt increased according to the G.19 consumer report published by the Federal Reserve. Revolving debt increased 8.5% in November, totaling $798.3 billion, while non-revolving […]
New analysis shows rise in student debt
On behalf of Ellett Law Offices , P.C. posted in 1. Personal Bankruptcy on Thursday, January 5, 2012 It is expected by many people attending collegiate or post-collegiate institutions that a large amount of debt will be accumulated. This is usually seen in younger age groups, but a new study indicates an increased amount of […]
Borrowers with discharged debt harassed by Capital One
On behalf of Ellett Law Offices , P.C. posted in 1. Personal Bankruptcy on Thursday, December 29, 2011 When someone enters bankruptcy, it protects the insolvent party from collectors by discharging the debt that is owed. The number of people filing for bankruptcy steadily increased from 2007 to 2010 until a small dip this past […]
