Business debt collection can be a stressful and challenging process. If you are dealing with business debt collectors in Texas, it is important to know your rights and how to protect yourself. Dealing with business debt collectors First, it is important to understand...
Standing Tall When It Matters Most
Month: January 2022
Facts about debtor in possession business financing
Filing for Chapter 11 bankruptcy is often the best option for businesses that are struggling to pay their debts. In Chapter 11, businesses have the option of resuming their operations with a special form of funding called debtor in possession financing. This allows...
What debts cannot be discharged in bankruptcy?
Bankruptcy might be the best option for Texas consumers who are overwhelmed by their financial obligations. For many, Chapter 7 bankruptcy is best. However, it’s important to know which debts cannot be discharged. What is nondischargeable debt? Many debts can be...
Subchapter 5 in Chapter 11 bankruptcy
In Texas and other states, bankruptcy is an important element to understand when managing a business. It can protect the owner from the debt of the business and provide a business that has taken on too much debt a path forward to resolving that debt and potentially...
Benefits of DIP financing in Chapter 11 bankruptcy
Debtor-in-possession, or DIP, financing helps a business to remain active and improve its current financial status. Chapter 11 bankruptcy allows Texas business owners to make payments without having to sell off their assets. They are allowed to work with creditors and...