Standing Tall When It Matters Most
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...
When a Texas business is struggling and unable to pay its creditors, it may find itself in bankruptcy. This can be a difficult process to go through, but there are options available to business owners, including Chapter 11 bankruptcy with DIP financing. Understanding...
Chapter 11 bankruptcy reorganization in Texas is used by businesses and sometimes individuals. It gives a debtor some time to restructure its debts and create a repayment plan that will allow it to get out of debt and continue to operate. It also gives creditors an...
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....
If you're thinking about filing for business bankruptcy or are a creditor in a litigant's case, you're probably wondering how the process is and how creditors will be affected. Creditors are an important part of the bankruptcy process, and in Chapter 11 bankruptcies,...
Many businesses operate under the direction of one central owner who makes all pertinent operating decisions for the most part. These are called sole proprietorship entities where the owner is basically indistinguishable from the company. Just as with a corporation or...
Shareholders of a company never want to hear the word bankruptcy because the shares of a company will lose most or all their value. The exchange may delist them during bankruptcy. Investors can still trade securities during bankruptcy in Texas; there's no law to stop...
If your business is struggling in Texas, and you are thinking about filing for bankruptcy, you should know about chapter 11 bankruptcy trustees. This trustee is a key player in a bankruptcy case, and they are responsible for overseeing the administration of the estate...
Businesses or individuals in Plano, Texas, in financial trouble who exceed Chapter 13 debt limits can file Chapter 11. However, Chapter 11 is a more complex process that takes time to complete. Chapter 11 overview and timeline Chapter 11 bankruptcy allows an...
