Month: September 2022

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...