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....
Standing Tall When It Matters Most
Month: June 2022
The purpose of loan workouts for business owners
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...
Federal laws about state bankruptcy fees
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...