Businesses and wealthy individuals in the United States sometimes find themselves unable to pay off their debts in their current financial affairs, and when this happens, bankruptcy may be declared. Some may dread the idea of declaring bankrupt, and may think it means “broke and hopeless.” While bankruptcy is indeed declared when the debtor party…
Category: Bankruptcy attorney arlington tx
When Was the Last Time That You Struggled with Finances?
Although this is the time of the year when many families are preparing to celebrate the holidays, there are many people for whom this time of the year is anything but a joy. In fact, for families or businesses that are facing bankruptcy, appointments with a bankruptcy law firm is far more important than a…
Handling a Chapter 11 Bankruptcy Cases
Bankruptcy is when a person or a company recognizes the inability to pay debts to creditors, and therefore asks for legal assistance to manage all assets, cash flow, and more to pay off the debts more effectively and establish a dialogue with any and all involved creditors. Often, it is companies that do this, and…