Pendergraft & Simon, L.L.P. Legal Blog
What can you seek as part of a breach of contract lawsuit?
Contracts sometimes get described as the lifeblood of businesses, in part because contracts manage everything from the relationship between a company and its employees to the transactions that occur between individual businesses. You uphold your side of a contract, and you have the reasonable expectation that other parties will do the same. Unfortunately, it’s possible…
Key points about chapter 11 for Texas business owners
Bankruptcy topics are intimidating to most business owners in Texas. After all, those operating companies are most interested in achieving success than they are in learning about complex bankruptcy issues. While you can rely on an experienced law firm for accurate information about filing a business bankruptcy it is also wise to develop a basic understanding of…
Can a lender initiate adversary proceedings in your bankruptcy?
People with substantial debt and complex financial situations may file for bankruptcy in order to stop collection activity with the automatic stay or to discharge certain debts. Most unsecured debts are eligible for discharge in standard bankruptcy proceedings. However, lenders and creditors can sometimes push back against an attempt to discharge a debt in bankruptcy….