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...
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...
Most people associate Chapter 7 bankruptcy with consumers who have accumulated a significant level of debt and need a fresh financial start. However, Chapter 7 bankruptcy can also be filed by Texas businesses that need to unload specific debts as well. It is even...
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...
Every Texas business has a limited number of options for eliminating their debts. Filing for bankruptcy is one solution, but it may lead to the liquidation of a business's assets and its final dissolution. There are different advantages and disadvantages for a Limited...
Bankruptcy might be the best option for Texas consumers who are overwhelmed by their financial obligations. For many, Chapter 7 bankruptcy is best. However, it’s important to know which debts cannot be discharged. What is nondischargeable debt? Many debts can be...
It can be extremely nerve-wracking to make the decision to go through with filing for bankruptcy. If you are considering taking that route to deal with your financial challenges, you may have concerns about losing everything and having to start over from scratch. The...
