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...
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...
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,...
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...
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....
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. ...
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...
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...
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...
