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September 2013 Archives

Sushi restaurant files for Chapter 7 bankruptcy

Running a restaurant is not an easy endeavor. It is an unpredictable industry where many operators are forced out of business for a variety of reasons. For some struggling restaurants filing a Chapter 7 bankruptcy may be the best option in Texas or in any other state. This seems to have been the case for Shin's Sushi Bar which recently filed its bankruptcy petition in early September.

Affordable Care Act could inadvertently cause overwhelming debt

Money and health are two of the most important things for many people. This is why many are pleased with reports that the new health insurance plans implemented through state exchanges created via the Affordable Care Act (ACA) will be less expensive than originally predicted. Many commentators in Texas and elsewhere are citing this finding as evidence that the new law is functioning properly and effectively. However, some analysts warn that these low prices may inadvertently increase the risk of overwhelming debt for many consumers.

Many in Texas face overwhelming debt from credit cards

A significant portion of our national economy is based on debt. That is why it is no wonder that so many Americans have found themselves facing overwhelming debt. One of the most common types of debts people in Texas and other states struggle with is credit card debt. Consumers in the United States carry an average of $15,000 worth of credit card debt.

Texas music events company files Chapter 7 bankruptcy

Businesses must constantly evolve in order to continue to be profitable and also to remain relevant. This is why many companies are continually investing funds in improved infrastructure as well as expanding their capabilities. However, making the wrong decision while attempting to improve a business may actually end up causing more harm than good. This seems to have been what happened with one company in Texas which recently filed for a Chapter 7 bankruptcy.

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