Are you still on the fence about filing bankruptcy?  Well, even if you are not sure if or when you will file bankruptcy, you need to prioritize your debt payments as if you were going to file bankruptcy so that you can position yourself well regardless of which choice you make. Below are a few [...]

Business debtors who have mislead or defrauded investors could face harsh consequences in Chapter 11 bankruptcy.  For example, if a debtor sought and gained investors while insolvent; but misrepresented that fact to the investors; if they file bankruptcy they may be facing the following problems: The Chapter 11 bankruptcy court could order that the investments [...]

Texas Median Income Drops If you thought the recession only impacted your ability to save your home from foreclosure or to find a job quickly then you're wrong.  The recession is dragging down American income and by extension the median income of Americans across the nation, including Texas.  Because of the drop in income, the [...]

While in most cases administrative fees for a Chapter 11 bankruptcy cannot be paid ahead of other administrative fees in the bankruptcy case, there are some circumstances where these bankruptcy fees take priority. When the fees are necessary to insure public health and safety.  For example, if a Chapter 11 bankruptcy trustee needed to hire [...]

Gettting a Car Loan During Bankruptcy If you're filing a Chapter 7 bankruptcy or a Chapter 13 bankruptcy you may be wondering about your access to credit, especially if your current car is on the blink. Well, the good news is that a debtor can usually get a car loan in both Chapter 7 bankruptcy [...]

If you're filing Chapter 11 bankruptcy as a small business owner you need to come up with a plan to insure that your employees continue to get paid during your bankruptcy if they are still working for your company while you restructure. Failure to Pay Your Employees During Chapter 11 Bankruptcy Failure to pay your [...]

The Chapter 11 bankruptcy case of Antelope Technologies, Inc. was dismissed by District Judge Sim Lake because it was determined that the business debtor was attempting to use the bankruptcy filing as leverage in a shareholder derivative lawsuit and the debtor did not have an urgent need to file Chapter 11 bankruptcy. Antelope had argued [...]

As the power balance in Chapter 11 bankruptcy has tipped due to tightening lending practices, many corporate debtors are finding themselves at the mercy of new creditors or "bankruptcy debt buyers."  Chapter 11 bankruptcy cases such as Calpine Corp and Citadel Broadcasting became so embroiled in valuation disputes between debtors and creditors that they required [...]

Allowing Mortgage Modifications In Bankruptcy HAMP has failed the American homeowner and it's time that our legislators take aggressive action to stop the foreclosure crisis and keep homeowners in their homes.  HAMP promised to help over 6 million Americans facing foreclosure keep their homes; but instead we have seen 1.3 million Americans enter into temporary [...]

Filing  a Pro Se Bankruptcy We've become a do-it-yourself society that feels that they don't need the expertise of professionals.  But just like the image of dad creating a watery mess when he tries to fix the kitchen sink, trying to file your own bankruptcy case can be a legal and financial nightmare.  As the old [...]