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Filing for Bankruptcy if You Have a Sole Proprietorship

Filing for Bankruptcy if You Have a Sole Proprietorship

To understand how to file for bankruptcy as a sole proprietorship, you must first understand what it means to own this type of business. These types of businesses are one-owner businesses or those that are owned by a married couple and do not own a business, such as a [...]

Ensuring That Your Business Debts Are Always Paid Even During Bankruptcy

Ensuring That Your Business Debts Are Always Paid Even During Bankruptcy

Yes, you might be considering filing for bankruptcy, but this doesn’t mean that you should stop paying attention to your business debts. Paying and keeping up with certain bills is the only aspect that can help your business continue to thrive. Even when money is tight, you still have [...]

Understanding the Difference Between Secured and Unsecured Debts

Understanding the Difference Between Secured and Unsecured Debts

When it comes to repaying your debts and borrowing money, you need to know about two different concepts that play a major role: secured and unsecured debts. Knowing the difference between the two can be extremely helpful when you are going through the bankruptcy process so that you can [...]

If You Cannot Personally Attend the Meeting of Creditors

If You Cannot Personally Attend the Meeting of Creditors

If you have filed or have thought of filing a bankruptcy petition in Texas because your business is in debt, you will hear about something known as the “meeting of creditors.” A creditor meeting, often referred to as the “341 meeting,” is common in both Chapter 7 and 13 [...]

Understanding the Difference Between Secured and Unsecured Debts

The First Steps You Will Take When Filing for Business Bankruptcy

One of the first things that you should know about business bankruptcy is that it is a process. You might expect that bankruptcy isn’t a huge deal to the courts because they handle so many cases every day, right? However, these many steps are taken seriously and so you [...]

Facing the Emotional Toll Business Bankruptcy Can Have on Your Life

If a Debtor Passes Away During Business Bankruptcy, What Happens?

During such a serious and complex process as bankruptcy, it is perfectly normal to have many questions and consider all scenarios. For a spouse who is watching a loved one go through the business bankruptcy process, this can be a frightening prospect as you wonder how the process will [...]

Four Tough Questions to Ask During and After Business Bankruptcy

Four Tough Questions to Ask During and After Business Bankruptcy

Bankruptcy is definitely one of the most difficult experiences that you will ever endure, especially if you are in jeopardy of losing your business. As the financial stress piles up against you, you might be feeling lost and confused about how you can restructure your business in the future [...]

Facing the Emotional Toll Business Bankruptcy Can Have on Your Life

Facing the Emotional Toll Business Bankruptcy Can Have on Your Life

Your business is one of the most important things that you have ever had in your life and you can’t imagine life without it or anything adverse happening to it. Because of this, business bankruptcy might come as a shock to you when it becomes your only option for [...]

Things to Avoid When Filing for Business Bankruptcy in Texas

Things to Avoid When Filing for Business Bankruptcy in Texas

If you decide to go through with a business bankruptcy, you might be making one of the best choices for the future of your business, for your family, and most of all, for yourself. If you decide that this is the option that will help you get rid of [...]

Facing the Emotional Toll Business Bankruptcy Can Have on Your Life

Could My Spouse Be Liable for My Business Debts?

Many aspects of debt and spousal liability depend upon the debts that have been incurred and how your business is specifically organized. If you are considering business bankruptcy, you might have concerns about the role that your spouse will play in your bankruptcy process and the impact that it [...]