\ August 2018 Archives | Tyler Texas Bankruptcy Law Blog

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August 2018 Archives

Texas-born restaurant chain to reorganize under Chapter 11

The restaurant business can be incredibly challenging. Changing tastes and trends can leave a restaurant or even an entire chain suddenly in dire financial straits, even when entrepreneurs identify the right combination of location, menu choices, suppliers, branding and all of the other elements that go into a successful operation.

What is repossession and what can you do to stop it?

Facing overwhelming debt can have many negative consequences for your life. In addition to phone calls from creditors, letters and other types of contact from debt collectors, you may also face the threat of losing your personal vehicle to repossession. If this is happening to you, it can be helpful to understand what will happen and what you can do to fight back.

How Chapter 13 can help someone with a lingering car debt

One of the things Tyler, Texas, residents frequently are willing to take out a loan on is a new or gently used car. After all, relatively few families are blessed with having the thousands of dollars in savings that it takes to purchase a vehicle when they need one, and cars are an essential part of daily life for most residents of this city.

As shopping malls struggle, Brookstone files for Chapter 11

Tyler residents are likely familiar with the sight of a Brookstone store in a shopping mall or airport. The company started over 50 years ago as a mail-order business selling rare tools and other devices, opening its first physical storefront in the early 1970's. It soon grew into a purveyor of all manner of quirky home products and was an especially popular staple of the thriving shopping mall scene throughout the 1980's and 1990's.

Understanding auto loans and how to stop repossession

Owning a car is a necessity for most Tyler residents these days. It's not unusual for families to need more than one car, when parents need to drive to work, take the kids to schools and activities, and run errands at nights and on the weekends. With those cars frequently come auto loans, and when borrowers run into trouble with their loan payments, repossession can result. Let's take a look at some basic auto loan and repossession facts according to the Consumer Financial Protection Bureau.

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