Standing Tall When It Matters Most
When a Texas business is struggling and unable to pay its creditors, it may find itself in bankruptcy. This can be a difficult process to go through, but there are options available to business owners, including Chapter 11 bankruptcy with DIP financing. Understanding...
Disputes with customers, vendors or other parties affiliated with your Texas company may result in significant financial losses if not taken care of properly. In addition to actual losses, conflicts might also cause damage to your company's reputation, which could be...
Chapter 11 bankruptcy reorganization in Texas is used by businesses and sometimes individuals. It gives a debtor some time to restructure its debts and create a repayment plan that will allow it to get out of debt and continue to operate. It also gives creditors an...
Debt restructuring is a way for an entity, like a person or business, to manage their excess debt without going through bankruptcy. It is a useful financial tool with a lot of applications for Texas residents. Restructuring Debt When a person or company operates, they...
Even some of the largest corporations in the United States could run into challenging financial times. Revlon, a giant in the beauty products industry, recently filed for Chapter 11 bankruptcy. Some might believe the company will fold, but that might not be the case....
A commercial loan workout allows business owners to refinance their debt obligations. This option helps borrowers to afford their repayment plans and become more financially stable over time. Entrepreneurs in Texas who qualify for workouts can increase their cash...
All types of business owners in Texas file for bankruptcy to repay debts that cannot be forgiven or eliminated. Whether it's Chapter 7, 11 or 13 bankruptcy, the process involves having to pay one-time and recurring fees, penalties and interest. There is an affordable...
Buying a franchise is a great way to start a business in Texas, yet entrepreneurs need a considerable amount of money to begin operations. Some franchisees may not make it and will eventually need to file bankruptcy. However, what will happen to your franchise...
Most people associate Chapter 7 bankruptcy with consumers who have accumulated a significant level of debt and need a fresh financial start. However, Chapter 7 bankruptcy can also be filed by Texas businesses that need to unload specific debts as well. It is even...
The leaders of a failing company have several options for dealing with the situation. They can go into damage control mode and attempt to restructure. This usually occurs during a Chapter 11 bankruptcy. The company can also shut down completely and liquidate its...
