Blog Category: Filing bankruptcy


Offshore Oil & Gas Company, Seadrill, to File for Bankruptcy

Offshore Oil & Gas Company, Seadrill, to File for Bankruptcy

Seadrill, a deep-water drilling contractor that provides offshore drilling services to the oil and gas industry, announced that the company plans to file for Chapter 11 bankruptcy protection by mid-September of 2017, in order to implement a restructuring plan. In a statement by Seadrill’s CEO Anton Dibowitz, the company’s “primary objective at the moment is  … Read more

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Houston Texas Bankruptcy Tips

Houston Texas Bankruptcy Tips

While bankruptcy doesn’t initially seem like the topic that would involve “tips, just like any other section of the law, there are certain pitfalls that could have unintended consequences. Today we’ll look at how you can avoid these by following a few pointers when deciding to declare bankruptcy. Let’s review these Houston Texas Bankruptcy Tips:  … Read more

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What is a bankruptcy discharge?

What is a bankruptcy discharge?

By filing bankruptcy, a discharge of debts is the overall goal in most cases. A discharge of debts in bankruptcy varies within the different chapters of 7, 11, and 13, but the end result is the release of personal liability for certain types of debts. A bankruptcy discharge is a permanent order eliminating the debt  … Read more

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Home Equity and Bankruptcy

Home Equity and Bankruptcy

Many times people that are forced into seeking bankruptcy protection due to an overload of personal or business debt have at least some equity in the family home. Home Equity refers to the difference in what you owe on a loan for your home and what the value of the home is. What happens to this when  … Read more

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What Debts Are Not Resolved Through Bankruptcy?

What Debts Are Not Resolved Through Bankruptcy?

Most bankruptcy blogs will tell you very clearly exactly what debts are covered when you finally decide to seek protection through bankruptcy. Very few however will discuss exactly what debts may not be. Unfortunately, there are several types of debts that do not fall under the category that will be discharged even if your bankruptcy  … Read more

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Bankruptcy and the Transferring of Assets

Bankruptcy and the Transferring of Assets

When the possibility of having to seek bankruptcy protection becomes a reality for some individuals, the first thought is to figure out a way saving some of the assets that they have accumulated over the course of time. The want to protect your assets in bankruptcy is a natural feeling; however without the assistance of  … Read more

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Can Your Lifestyle Lead You Into Bankruptcy?

Can Your Lifestyle Lead You Into Bankruptcy?

For a large portion of society, the thought of having to seek protection by filing for bankruptcy is something that happens to the other guy and could never happen to me or to us if a couple. It is the guy who lives the largest life who is the one at risk of overextending themselves,  … Read more

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