Standing Tall When It Matters Most
When a Texas business has more debts than assets, the enterprise may be on shaky ground. A small business owner who does not file taxes as a sole proprietor would not have the option to file for Chapter 13, but Chapter 11 and Chapter 7 are options. The Small Business...
Anyone in Texas considering filing for bankruptcy should take some time to understand the fine details of the process. Bankruptcy can be a way out of financial problems and out-of-control debt, a way to wipe the slate clean. But in order to successfully complete the...
At some point in time, it might become clear to you that your business is struggling. It could be due to changes in your specific market, overall macroeconomic trends, or any of a number of other reasons. But the bottom line is, something needs to change. Businesses...
A bankruptcy judge has ruled that Cineworld Group can walk away from commercial real estate leases it signed when business was booming and involving 17 underperforming movie theaters. The ruling was handed down in the U.S. Bankruptcy Court for the Southern District of...
Like most people, when you think of bankruptcy, you think of debt-ridden individuals struggling to get by. But that's not always the case. There are some ways in which Chapter 11 bankruptcy can help an individual reorganize and become stronger financially. So, if you...
Sometimes it can take an individual or business in Texas longer than expected to settle their loans. When this happens, a lawsuit is not always the only means to force their hands to repay. The creditor and their debtor can explore the possibility of a workout...
Consumer trends appear to impact the motion picture industry unexpectedly. Movie ticket sales are not as strong in 2022 as in previous years, and some movie theaters feel the financial brunt. Texas moviegoers who attend screenings at Regal theaters may wonder if those...
When a Texas company files for protection under Chapter 11 of the Bankruptcy Code, it must submit a plan to reorganize its debts. Unlike Chapter 7, Chapter 11 bankruptcy cases do not involve the liquidation of the company's assets. Instead, its debts will be...
Chapter 11 bankruptcy restructures business debts and assets. Corporations primarily use this type of bankruptcy, but individuals can also file Chapter 11. Texas businesses filing debt reorganization remain in control of business operations and aren’t required to...
Texas businesses may be able to strengthen their financial situation by filing for Chapter 11 bankruptcy. Individuals who have debt loads that exceed Chapter 13 limits may also be allowed to file for Chapter 11 protection. During a Chapter 11 proceeding, businesses...
