Businesses in Texas and across the nation that are having financial issues or simply need to find a way to get their financial situations under control are well-advised to understand that Chapter 11 bankruptcy is a viable option. While there is an unavoidable fear...




Month: February 2017
Can I tell a collection agency to stop calling me?
Texas residents who are experiencing financial problems will frequently resist taking action for fear of how the creditor will respond. Collection tactics used by creditors and collection agencies are the foundation for consternation and fear on the part of the...
What are the different types of creditor claims in a Chapter 13?
For Texans, making the decision that the financial challenges they are facing have become too difficult to overcome and filing for Chapter 13 bankruptcy is not taken lightly. However, it is a comforting truth that Chapter 13 is a strategy to get out from under onerous...
Texas saw increase in Chapter 11 bankruptcy in 2016
Texas businesses that are having financial trouble or that are seeking ways to stay in business on firmer financial ground may be thinking about a business bankruptcy. A business owner might recoil at the idea of Chapter 11 bankruptcy because of the unwarranted stigma...
Oil services company files for prepackaged business bankruptcy
Texas residents who are running a business often run into financial issues that make it necessary to consider a Chapter 11 bankruptcy. This is not necessarily an attempt to end the business, but to have a debt reorganization to come back stronger than before. One...
Knowing debtor protections against a creditor lawsuit
Texas residents who are in debt and are no longer able to make their payments might face the threat of a lawsuit from creditors. Understanding creditor's rights as well as protections that a debtor has can help in knowing what to do when this situation arises. People...
Important information a creditor must provide to a debtor
People in Texas who are having trouble with debt will often feel fear and concern not just over what they are facing in their personal finances, but with the seemingly endless phone calls and letters they are expecting from creditors trying to collect the debt. While...
Famous entertainer completes his Chapter 11 bankruptcy
On the surface, Tyler residents who are experiencing financial problems might not find a kinship with wealthy and famous people who are also having their financial turmoil. However, when people who are prominent decide that they need to file for bankruptcy protection,...
Chapter 7 bankruptcy and a second discharge in Texas
Texan residents who receive a discharge in bankruptcy as a form of debt relief are not immune to again experiencing financial problems in the future. Simply because there was a successful filing of a Chapter 7, Chapter 11 or Chapter 13 bankruptcy, it will not...
What personal debt relief options are available to me?
Are you one of the many Texas residents struggling to meet their debt obligations? It is okay. It happens. If you are in a financial pickle, you may want to know what debt relief options are available to you. The truth is, there may be a few options, depending on the...