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August 2013 Archives

Long-time community business owner files Chapter 13 bankruptcy

It is unfortunate when one sees a longtime community business owner struggle with his finances and eventually closes his business' doors. However, as many small business owners in Texas can attest, when a business owner falls ill suddenly, it can cause problems for the company's finances. This can quickly catch up to a business trying to scrape up a profit. Unfortunately, this may have happened to a local restaurant owner who has decided to file for Chapter 13 bankruptcy.

Farmer files Chapter 7 bankruptcy in Texas to stop sale of assets

One of the worst hit sectors by the recent recession was the agriculture industry. The farming business can be difficult during these times since it was an already unpredictable field to begin with. Unfortunately, farmers are susceptible to changes in climate and other circumstances which could destroy their entire crop, which can be a financially challenging dilemma. One farmer, now living in Texas, found himself facing this type of situation and decided to file for Chapter 7 bankruptcy protection.

Texas home security company files Chapter 7 bankruptcy

Security can mean a variety of different things. One company in Texas specialized in home security, which keeps a person's home safe from burglars and other types of criminals. However, one company seems to have been lacking in security of the financial kind. The company has recently filed for a Chapter 7 bankruptcy in order to obtain debt relief.

Bankruptcy solution to overwhelming debt from medical bills

The human body is fragile. No matter how healthy one is and how conscientious of one is of diet and exercise, there is always still a chance that a medical emergency could unexpectedly occur. When this happens the person in Texas or any other state will almost always find himself or herself with medical bills, which could lead many people into overwhelming debt problems.

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