The business sector in Texas is highly competitive, which is good since it results in better products and services for the consumers and society at large. However, there are times when a company can go overboard when trying to stand out among its competitors by using...
Standing Tall When It Matters Most
Month: December 2022
New Subchapter V amendments
A small business owner in Texas may deal with a company suffering from substantial losses. Financial problems might become so severe that the owner considers filing for bankruptcy. Subchapter V of the federal Chapter 11 bankruptcy code made the process less...
Why corporate restructuring in Texas matters
Almost every business in Texas goes through a period of turbulence, either due to political or economic trends. Sometimes the best way to deal with that challenging period is to reorganize your company's structure. This will not only allow you to promptly identify and...
Bankruptcy for small businesses
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...
What is a Chapter 7 discharge?
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...