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Law Office of Gordon Mosley
A Bankruptcy & Consumer law Firm
20 Years Experience Helping People Gain A Fresh Start

March 2015 Archives

Creditor and shareholder involvement in a Chapter 11 bankruptcy


Sometimes, a Texas business hits a rough economic patch and over a certain period begins to lose money to a point where the business loses economic viability. Obviously, in such situations, solvency can become a major problem. To address this situation, a business could choose to file bankruptcy under Chapter 11 and with legal protection, slowly liquidate assets and move toward paying creditors.

What legal rights are available to creditors in Texas?


Financial problems can crop up suddenly without any warning. An accident can culminate in burdensome medical bills and given that such uncalculated costs can have a domino effect, it can go on to cause a range of difficulties including falling behind on credit card bills and mortgage payments.

The Chapter 13 bankruptcy plan and confirmation hearing


Due to their lack of financial success or the cost of living, many Texas residents may find themselves in a tight money spot. Debts can be a tremendous burden on an individual and reduce the person's quality of life. Hounded by collection agencies and a falling credit score, a debtor can choose to opt for Chapter 13 bankruptcy in order to get a fresh start and reorganize the person's finances.

Which documents are required to file Chapter 7 bankruptcy?


Due to the recent economic problems and the slow rate of economic recovery, people from all over the country, and even here in Texas, may find it difficult to reorganize their finances and get their lives back on track. Financial pressure may culminate in different kinds of debt like rent, unpaid credit card bills and loan repayments. In order to give people a second chance at recovery, avoid creditor harassment and protect their assets, Chapter 7 bankruptcy can be a viable solution.

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Law Office of Gordon Mosley

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Phone: 903-266-1843
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