Declaring bankruptcy is not a decision to be made lightly, and many Texas residents who are experiencing financial difficulties struggle for some time with the dilemma of how best to proceed. Different types of bankruptcies provide different methods of handling debt...
Business bankruptcy vs. personal bankruptcy
Proofs of claim in personal bankruptcy cases
When individuals and families in Texas and around the country file for bankruptcy, the bankruptcy trustee will determine whether the petition deals with an asset or a non-asset case. When the petitioner has assets exceeding federal or state exemptions, creditors can...
Bankruptcy for business owners who have personally secured debts
You might have taken the appropriate steps to protect your personal assets when you launched your business in Austin, Texas, but lines got blurred as the years went by. Your original limited liability corporate structure created a legal barrier between you and...
