As many Texas business owners might be aware, Chapter 11 bankruptcy, or debt reorganization, is a debt relief option that many commercial entities select when those entities are unable to sustain business profitability and cannot cope with the burden of overwhelming...




Month: August 2015
Bankruptcy filing in a community property state like Texas
Residents of Tyler, and other parts of Smith County, probably know that Texas is among the nine community property states in the country. In a community property state, both spouses have equal rights over assets that are acquired during the course of their marriage....
Chapter 13 bankruptcy helps people cope with student loan debt
Overwhelming debt is a problem plaguing many people in Smith County, Texas, and residents throughout the country. While people have accumulated debt through credit card spending, debts arising from medical emergencies or following the loss of a job and income, many...
Be mindful if you are filing for Chapter 7 bankruptcy
Chapter 7 bankruptcy is one of several ways in which a person under the burden of overwhelming debt can obtain relief. As many Tyler, Texas, residents may be aware, in a typical Chapter 7 filing, all non-exempt assets of a debtor are liquidated in order to repay...