Blog Category: Chapter 11


Houston Builder Files for Chapter 11 Bankruptcy Protection

Houston Builder Files for Chapter 11 Bankruptcy Protection

  A Houston-based construction company has filed for Chapter 11 bankruptcy protection in Houston in late August. The company, Urban Oaks Builders, which is an affiliate of Houston-based real estate developer Hine’s filed the Chapter 11 bankruptcy protection case in US Bankruptcy Court for the Southern District of Texas after a Florida real estate investment  … Read more

  Filed under: Chapter 11


What is Debtor-in-Possession Financing?

What is Debtor-in-Possession Financing?

Businesses that wish to continue operations while also struggling with company debt have the option of filing for Chapter 11 bankruptcy in Texas and every other state in the Union. A Chapter 11 business bankruptcy works quite different from a personal bankruptcy (Chapter 7 or Chapter 13), with the biggest difference being who is in  … Read more

  Filed under: Chapter 11


Houston Bankruptcy Watch: Cobalt Energy Files Chapter 11

Houston Bankruptcy Watch: Cobalt Energy Files Chapter 11

While the energy company bankruptcy onslaught has slowed dramatically, some upstream companies are still struggling to fund ongoing operations. This week, the Houston-based upstream oil and gas company, Cobalt International Energy Inc., filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. Cobalt International Energy Inc. is an  … Read more

  Filed under: Chapter 11


Z’Tejas Southwestern Restaurant Files Chapter 11 Bankruptcy in Arizona

Z’Tejas Southwestern Restaurant Files Chapter 11 Bankruptcy in Arizona

While the Cornbread Ventures LP partnership is based in Houston, Texas their chain of South-Western inspired restaurants called Z’Tejas filed for chapter 11 bankruptcy in Phoenix Arizona this week. The owners hoped to turn the failing chain of nine restaurants around to profitability when they acquired them two years ago. Z’Tejas will be closing four  … Read more

  Filed under: Chapter 11


M&G Polymers USA Filed Chapter 11 Bankruptcy

M&G Polymers USA Filed Chapter 11 Bankruptcy

The privately held, US based manufacturer of polyester resins, synthetic resins, plastics materials, and non-vulcanized elastomers, M&G Polymers USA, filed for Chapter 11 bankruptcy this week, listing between $100 million and $500 million in liabilities, 200-999 creditors, and $500 million to $1 billion in assets. The company is owned by M&G Chemicals Group, which is  … Read more

  Filed under: Chapter 11


Toys R Us Exploring Chapter 11 Bankruptcy

Toys R Us Exploring Chapter 11 Bankruptcy

As retail companies across the US continue to be financially battered by a paradigm shift in consumer shopping habits, Toys R Us is seeking $400 million in new financing in order to cover its 2018 debt maturities. The move to raise the funding could be structured in a way to finance a Toys R Us  … Read more

  Filed under: Chapter 11


Battery maker Alevo Files Chapter 11 Bankruptcy

Battery maker Alevo Files Chapter 11 Bankruptcy

In unfortunate business news, Alevo USA, the Charlotte North Carolina makers of GridBank, fell short on funding this month, forcing the battery manufacturer to file Chapter 11 bankruptcy. The Chapter 11 bankruptcy protection filing forced the cash strapped battery maker to lay off 290 employees in its Concord manufacturing facility, a previously used factory of  … Read more

  Filed under: Chapter 11


Chapter 11 Bankruptcy for Small Businesses

Chapter 11 Bankruptcy for Small Businesses

Small businesses can sometimes accumulate a crippling amount of debt in the course of normal business operations, and a bankruptcy can assist a small business owner by restructuring your debt to continue operating, eliminate personal liability for business debts, and/or to liquidate the company’s assets. The type of bankruptcy you choose, will be based on  … Read more

  Filed under: Chapter 11


Understanding Chapter 11 Bankruptcy

Understanding Chapter 11 Bankruptcy

The Title 11 chapter in the United States Bankruptcy Code, the Chapter 11 bankruptcy typically involves the reorganization of businesses that are burdened under massive debts. While extremely rare, chapter 11 is usually filed by corporations that require sufficient time to restructure and get rid of their debts. In other words, it allows the debtor  … Read more

  Filed under: Chapter 11


Business Bankruptcy Primary Causes

Business Bankruptcy Primary Causes

All business enterprises need to establish a strong sales cycle and generate revenue to survive and thrive in the market. However, there are times when companies are not very profitable. They may eve end up being trapped on the edge of bankruptcy. Sometimes, this prompts the owner to either withdraw from the market or reorganize  … Read more

  Filed under: Chapter 11