When your business is struggling financially, filing for Chapter 11 bankruptcy may be your only option. Because Chapter 11 allows you to continue running the company, you need to have a plan for the future. There are several steps you can take to help your business...
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Month: January 2021
How Chapter 7 and Chapter 13 bankruptcies differ
Many Texas residents have had a tough year financially. If you count yourself among them, you may be considering your options and trying to find some relief. Chapter 7 and Chapter 13 bankruptcies are both personal bankruptcy types. However, there are some important...
What types of property are exempt during bankruptcy?
If you are like many Americans, even considering bankruptcy may feel like admitting failure. Worse, you may worry that filing for bankruptcy will mean losing valuable personal property, retirement savings or even your home. However, in Texas, you may be able to keep...
When is a Chapter 11 filing converted to a Chapter 7 filing?
Filing for bankruptcy may have already created a bit of uncertainty about the future of your small business. Changes to your financial situation throughout the process may cause other problems that require you to modify your bankruptcy filing. Understanding when a...