There Is No Charge For The First Consultation: 903-266-1843

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

Posts tagged "creditors"

Judge orders Future Energy to look into bankruptcy mediation

Chapter 11 bankruptcy proceedings can be initiated by creditors when the debtor company has continuously defaulted on repaying their debts. One of the major points of distinction between Chapter 11 bankruptcy proceedings and Chapter 7 bankruptcy is that most Chapter 7 cases result in the liquidation of the debtor company's assets, Chapter 11 still allows the debtor to reorganize their assets in order to help debt repayment.

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.

Chapter 11 bankruptcy filed by teen retailer Wet Seal

During the economic downturn, a lot of corporations, both large and small, were forced to file for bankruptcy. Filing for bankruptcy is never easy. The creditors get easy access to all, or most, of the debtor's assets in many bankruptcy cases. Chapter 11 bankruptcy may help the debtor reorganize the assets in order to facilitate loan repayment.

What are the duties of a debtor in possession in Chapter 11?


Business owners in Texas may know that when a sole proprietorship, partnership or a corporation faces extreme debts, one of the options available to them is to file for bankruptcy. When they want to reorganize their business, they mostly choose to file for bankruptcy under Chapter 11.

Points to ponder before a Chapter 11 bankruptcy filing


Business owners in Texas would agree that a business may close because of its inability to generate profits. While closure can be difficult for the business owner, matters can become worse if the business is in severe debt with bankruptcy being a possibility in the near future. During such times, many business owners have no other option but to file for bankruptcy and seek reorganization under Chapter 11.

Which debts cannot be discharged through Chapter 11 bankruptcy?


Residents of Tyler, Texas, may have heard about individuals and businesses going bankrupt or filing for bankruptcy and thereby recovering from debt. However, not many may realize that this is rarely as simple as it sounds. There are different kinds of bankruptcy petitions for which debtors may or may not qualify, depending on the nature of their financial difficulty. Filing a bankruptcy petition does not automatically imply a discharge of debt.

Company plans financial restructuring with Chapter 11 filing


Sears Methodist Retirement System Inc. is a not-for-profit company that provides senior living services in Texas. It started its first community for seniors in 1966 and gradually expanded. It serves more than 1,500 residents and has an almost equal number of staff members.

Company filed Chapter 11 bankruptcy, customers get notice


Texans who use the electricity service of TXU Energy may have received a notice related to the Chapter 11 bankruptcy filing by its parent company. TXU Energy is largest retailer of electricity in the state, with almost 1.7 million customers, including residents, commercial establishments and industries. The spokesperson for TXU Energy stated that there was no problem and the notice was mainly for informational purposes. It was also stated that all commitments and contracts would be honored, and business would continue as usual.

Movie and TV actress files for bankruptcy under Chapter 11


Texans know that anyone can face financial trouble, and many people do at some point in their lives. The trouble might be from a medical emergency or from taking on too much credit card debt or too many loans. Although trying to renegotiate debt is always an option, the effort may not always be successful.

Start Fresh - We Can Help!

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Information

Law Office of Gordon Mosley

Tyler Office
4411 Old Bullard Rd.
Tyler, TX 75703

Phone: 903-266-1843
Tyler Law Office Map

Gun Barrel City Office
431 N Gun Barrel Ln
Suite 112
Gun Barrel City, TX 75156

Phone: 903-266-1843
Map & Directions

  • Local: 903-266-1843

  • Fax: 903-581-4038

  • Facebook
  • Google Plus
  • Linkedin
  • Twitter
  • Review Us