Pendergraft & Simon, L.L.P. Legal Blog
Preferential transfers and payments and the bankruptcy trustee’s clawback powers
Whether you’re filing for personal bankruptcy or business bankruptcy protection, the process is designed to be as fair as possible to both creditors and debtors. While that has many meanings, one thing that can cause a lot of problems for both the debtor and others is the issue of preferential payments. Whether you’re filing for…
Alamo Drafthouse enters Chapter 11 bankruptcy
Alamo Drafthouse is a chain business based in Texas that is a combination of a restaurant and movie theater. This makes for a unique experience, which has led to the opening of multiple locations, but it appears that not all of those will stay open. Due to financial pressures in the current economy, the company is…
Protect your vehicle from repossession in Texas
If you’ve fallen behind on your bills and are trying to catch up, one of the things you may be worried about is having your vehicle repossessed. If you lose your vehicle, you could have trouble getting to work or taking care of your family. It’s important to take action if you cannot make your…
