Blog: Bankruptcy

If your finances are a wreck and you qualify for Chapter 7 bankruptcy, it never hurts to learn more about the process and how it will benefit you. As you become familiar with the benefits, you may soon realize that a Chapter 7 bankruptcy is the best way to reset your finances with an eye…

Many people equate business bankruptcy with going out of business. They assume that a company that has to declare bankruptcy has simply run out of money, can’t pay its debts and is going to close its doors. This is very far from the truth. Though it can grow very complicated, Chapter 11 bankruptcy allows for…

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…

 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….

When a business declares bankruptcy, it is common for people to think that the business has failed in some sense. They talk about how the business model did not work or the products were not up to par with the competition or something else along these lines. Certainly, some companies do go bankrupt for these…

You’re considering filing Chapter 11 bankruptcy for your business, but you’re hoping the company can still thrive in the future, so you naturally do not want to lose the assets you already own. You just need help with your debt. Are you going to have to sell off your assets — or are the lenders…

The Houston business environment continues to thrive, but owners face serious competition from all directions. Unless you are lucky enough to have found a lucrative niche in which to operate, your company is vulnerable to your competition. This means that many business owners here in Texas ultimately lose the battle with their competitors. As debts…

Under section 363 of the bankruptcy code, a debtor may sell assets with the approval of a court, to pay some of its debts to creditors. Three parties can benefit, and these are the advantages for them: The debtor: It is in their hands to try and raise as much money as possible from the sale of their…

If you attended college, you probably have thousands of dollars in student loan debt. The same could be true for those who attended trade schools or even those who paid for an education at an uncertified, for-profit institution. Unfortunately, student loans don’t always translate to higher earning potential. If you have reached the point where…