Standing Tall When It Matters Most
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...
If you're thinking about filing for business bankruptcy or are a creditor in a litigant's case, you're probably wondering how the process is and how creditors will be affected. Creditors are an important part of the bankruptcy process, and in Chapter 11 bankruptcies,...
Many businesses operate under the direction of one central owner who makes all pertinent operating decisions for the most part. These are called sole proprietorship entities where the owner is basically indistinguishable from the company. Just as with a corporation or...
Rushed liquidations may cost creditors billions of dollars annually. Restructuring and reviving businesses instead may be better for everyone. Chapter 11 protects businesses and helps get them a fresh start. Through Chapter 11, creditors can recoup most of what they...
Shareholders of a company never want to hear the word bankruptcy because the shares of a company will lose most or all their value. The exchange may delist them during bankruptcy. Investors can still trade securities during bankruptcy in Texas; there's no law to stop...
There are many misconceptions about a business filing bankruptcy in Texas. For example, the business doesn't always cease operation, as commonly believed. What happens to the business depends on the type of bankruptcy and the owner's goals. Chapter 7 bankruptcy for...
Are you currently struggling to pay your business debts? This is a common issue that many businesses face. If you operate a business in the state of Texas, you have several options. One of them may be a debt workout. What are the terms of a debt workout? The details...
Every Texas business has a limited number of options for eliminating their debts. Filing for bankruptcy is one solution, but it may lead to the liquidation of a business's assets and its final dissolution. There are different advantages and disadvantages for a Limited...
If your business is struggling in Texas, and you are thinking about filing for bankruptcy, you should know about chapter 11 bankruptcy trustees. This trustee is a key player in a bankruptcy case, and they are responsible for overseeing the administration of the estate...