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Things You Shouldn’t Do Before the Bankruptcy Process

Things You Shouldn’t Do Before the Bankruptcy Process

It is true that some people do not take their bankruptcy as seriously as they should. It is also true that many first-time individuals might not understand the process to the standard they would like to and that distressing mistakes might be made. Having an attorney on your side [...]

Questions You Need to Ask a Business Bankruptcy Attorney

Questions You Need to Ask a Business Bankruptcy Attorney

You’ve decided that the business bankruptcy process is best for you due to circumstances that led to a distressing financial situation and risked your business as it stands. In some cases, you might choose business bankruptcy because you plan on restructuring your business or because you want to finish [...]

Obtaining a Small Business Loan After Business Bankruptcy

Obtaining a Small Business Loan After Business Bankruptcy

When you endure the process of business bankruptcy, it is not unheard of for somebody to feel as if they will never be able to regain normalcy in their life and get a fresh start on their business. It is a good idea to get yourself back in a [...]

I’m Filing for Chapter 7 Bankruptcy: What is the Priority of Distribution?

I’m Filing for Chapter 7 Bankruptcy: What is the Priority of Distribution?

If you are filing for Chapter 7 bankruptcy, you might have questions about how the creditors will get paid. Many people are not familiar with the role that creditors play in your bankruptcy case. Creditors are one of the main aspects at the center of a bankruptcy case and [...]

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 [...]

Questions You Need to Ask a Business Bankruptcy Attorney

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 [...]

I’m Filing for Chapter 7 Bankruptcy: What is the Priority of Distribution?

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 [...]