Blog Category: News

The Bankruptcy Abuse and Prevention Act was a bill enacted in 2005 and lobbied heavily by the credit card companies. While the credit industry did not get everything they asked for, they did get a lot of changes made to the Bankruptcy Code, making it more difficult and costly for individuals to file bankruptcy. Added  … Read more

“Overbiffing” is when a debt collector overstates the debtor’s balance. The reason it is called overbiffing is that the debt collectors overstate the debtor’s “balance in full.”People were told they owed thousands of dollars more than they actually did, sometimes the consumer didn’t even owe the debt. According to the Federal Trade Commission, “Overbiffing is  … Read more

After three long years, the nation’s most extensive radio network, iHeartMedia, has finally received the approval of Houston Texas Bankruptcy Judge Marvin Isgur to exit bankruptcy. The US-based radio station owner originally filed for Chapter 11 bankruptcy protection in order to decrease its $20 billion in debt. IHeartMedia Bankruptcy Financing For companies with a considerable  … Read more

On October 31. 2019 Gastar Exploration filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court of the Southern District of Houston. Gastar entered into a pre-packaged restructuring support agreement with Term Lenders, Second Lien Note-holders, and other holders Existing Common Interests. In a statement released by Gastar Exploration Inc. on January 22,  … Read more

Bankruptcy attorneys in Houston Texas are keenly interested in bankruptcies in the oil and gas sector. Debt levels and bankruptcy cases in one of Texas’s biggest industries tend to show indicators of the state’s economic health as a whole. While the previous quarter shows a significant decrease in oil and gas bankruptcies, will the trend  … Read more

Houston Bankruptcy watchers saw the Houston-based mattress manufacturer and retailer, Mattress Firm, announced that it was filing for Chapter 11 bankruptcy. Attorneys in Houston Texas will explain that in most retail Chapter 11 bankruptcy cases, overexpansion will result in a “financial timeout” to downsize the least profitable stores and reorganize their debt obligations. This usually  … Read more

Nonprofits play a major role in society. Working hard to build and fund your nonprofit requires assistance in the form of practical advice and step-by-step instructions. Even in successfully operated a tax-exempt organization money can run out, leaving those individuals whose lives are enhanced without other options. Texas EquuSearch Started in 2000, 501(c)(3) Texas EquuSearch  … Read more

With larger numbers of individuals going to a higher university later in life, it’s becoming more common that individuals who have debts discharged in a Texas to seek out student grants, loans, or other types of student aid to attend a higher education institution. If you have previously filed bankruptcy in Texas, you might be  … Read more

In a recent U.S. report, Millennials face bankruptcy in Houston more than any almost any other American city. The study looked into which cities in the nation had the highest amount of personal debt among Millennials with Houston ranking number fourth out of the 50 largest metro areas. While Texas offers enormous opportunities to young  … Read more

Wouldn’t it be nice if you could create money out of thin air? This is exactly what a payday loan business owner is accused of attempting in a bankruptcy case that resulted in Federal bankruptcy fraud charges. The business owner of the failed payday loan scam has been order by a Houston bankruptcy judge in  … Read more