Standing Tall When It Matters Most
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...
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...
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...
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...
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...
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...
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...