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,...
Standing Tall When It Matters Most
Chapter 11
Sole proprietorships under bankruptcy
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...
What does a corporate bankruptcy mean for shareholders?
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...
Who are Chapter 11 bankruptcy trustees?
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...
How long does Chapter 11 bankruptcy last?
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...
How to deal with business debt collection in Texas
Business debt collection can be a stressful and challenging process. If you are dealing with business debt collectors in Texas, it is important to know your rights and how to protect yourself. Dealing with business debt collectors First, it is important to understand...
Facts about debtor in possession business financing
Filing for Chapter 11 bankruptcy is often the best option for businesses that are struggling to pay their debts. In Chapter 11, businesses have the option of resuming their operations with a special form of funding called debtor in possession financing. This allows...
Subchapter 5 in Chapter 11 bankruptcy
In Texas and other states, bankruptcy is an important element to understand when managing a business. It can protect the owner from the debt of the business and provide a business that has taken on too much debt a path forward to resolving that debt and potentially...
Benefits of DIP financing in Chapter 11 bankruptcy
Debtor-in-possession, or DIP, financing helps a business to remain active and improve its current financial status. Chapter 11 bankruptcy allows Texas business owners to make payments without having to sell off their assets. They are allowed to work with creditors and...