There are many businesses in Texas operating in industries that some may believe to be "recession-proof." The common school of thought is that these industries provide either necessities that people cannot live without or premium services that consumers seek out...
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Month: September 2020
Some differences between a Chapter 7 and Chapter 13 bankruptcy
Texas residents may file for personal bankruptcy as either a Chapter 7 or a Chapter 11 petition. When considering a bankruptcy filing, it may help to understand some of the differences between the two petitions. Individuals experiencing a sudden job loss or a...
What is the automatic stay in bankruptcy?
When you file for Chapter 7 bankruptcy, the court issues an order called an automatic stay. This order, according to Findlaw, stops all collection actions against you, including lawsuits. The automatic stay is one of the first benefits you receive from filing your...