Large Texas-based corporations that are struggling financially have options. One of those is to file for bankruptcy. Although most people think of Chapter 11 in this situation, filing for Chapter 7 bankruptcy can help companies alleviate high debt. Understanding...
Standing Tall When It Matters Most
Month: January 2023
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Party City files for Chapter 11 bankruptcy protection
Many brick-and-mortar retailers in Texas and around the country are struggling. Soaring inflation and fears of a coming recession have dampened consumer spending, and online marketplaces like Amazon have made the retail sector far more competitive. Several prominent...
The purpose of a quick-rinse bankruptcy
A large company ensures its success by preventing financial disasters and handling business affairs as quickly as possible. In Texas, a quick-rinse bankruptcy is an expedited form that takes only days or weeks to complete. There are a few qualities that make this...