Standing Tall When It Matters Most
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...
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...
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...
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...
At some point in time, it might become clear to you that your business is struggling. It could be due to changes in your specific market, overall macroeconomic trends, or any of a number of other reasons. But the bottom line is, something needs to change. Businesses...
A bankruptcy judge has ruled that Cineworld Group can walk away from commercial real estate leases it signed when business was booming and involving 17 underperforming movie theaters. The ruling was handed down in the U.S. Bankruptcy Court for the Southern District of...
Sometimes it can take an individual or business in Texas longer than expected to settle their loans. When this happens, a lawsuit is not always the only means to force their hands to repay. The creditor and their debtor can explore the possibility of a workout...
If a company goes bankrupt, shareholders in Texas and elsewhere may lose a significant amount of money. However, the extent of their losses typically depends on what type of protection they seek from creditors. Companies that seek Chapter 7 protection typically cease...
Business loan workouts are modifications to existing loans for the purpose of making more affordable payments. Borrowers are allowed to avoid defaulting on a loan and continue operating the business. For business owners in Texas, a restructured plan is recommended...
Debt restructuring is a way for an entity, like a person or business, to manage their excess debt without going through bankruptcy. It is a useful financial tool with a lot of applications for Texas residents. Restructuring Debt When a person or company operates, they...
