Standing Tall When It Matters Most
Like most people, when you think of bankruptcy, you think of debt-ridden individuals struggling to get by. But that's not always the case. There are some ways in which Chapter 11 bankruptcy can help an individual reorganize and become stronger financially. So, if you...
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...
Consumer trends appear to impact the motion picture industry unexpectedly. Movie ticket sales are not as strong in 2022 as in previous years, and some movie theaters feel the financial brunt. Texas moviegoers who attend screenings at Regal theaters may wonder if those...
When a Texas company files for protection under Chapter 11 of the Bankruptcy Code, it must submit a plan to reorganize its debts. Unlike Chapter 7, Chapter 11 bankruptcy cases do not involve the liquidation of the company's assets. Instead, its debts will be...
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...
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...
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...
Disputes with customers, vendors or other parties affiliated with your Texas company may result in significant financial losses if not taken care of properly. In addition to actual losses, conflicts might also cause damage to your company's reputation, which could be...
