Blog Category: News

For those unaware of the matter, retail stores and restaurants in the US have had a rough go over the past 24-36 months, keeping bankruptcy attorneys quite busy. Some absolute behemoths of industry such as Claire’s, Toys R’ US, Pac Sun, Aeropostale, Wet Seal, and Bon Ton have all filed bankruptcy since 2015, in a  … Read more

In recently Houston, TX bankruptcy news, Erin Energy announced this week that it will file for voluntary bankruptcy protection in an effort to restructure debt and restore its finances. Formally known as Camac Energy, the Houston-based oil and gas exploration and production company focused mainly on oil and gas development for African offshore plays, weighing  … Read more

In a closing to the final chapter of the nearly 24 months Chapter 11 Houston bankruptcy process, the Texas-based Breitburn Energy Partners successfully exited chapter 11 reorganization this week. The company will now be known as Maverick Natural Recourses LLC. The company, who began its Chapter 11 bankruptcy process in 2016 after oil prices plummeted  … Read more

Houston Based Charming Charlie field for Chapter 11 bankruptcy protection this week, as yet another retailer is forced to restructure its debt in order to remain solvent. Charming Carlie’s is a women’s jewelry and accessory retailer founded in 2004 by Houston entrepreneur Charlie Chanaratsopon. The company has operated over 350 global retail locations across North  … Read more

In a recent survey, 67% of Americans are hopeful about their personal finances and expect them to improve in the New Year. Only about 10% of the respondents felt that their finances will get worse. A third of respondents claimed that paying down debt is a top priority and will focus on eliminating the debt  … Read more

Lawmakers in the United States Senate have introduced a bill that proposes bankruptcy changes for companies that are incorporated in Delaware or New York this week. Texas Senator John Cornyn (R., Texas) and Elizabeth Warren (D. Mass.) introduced the bill this week that requires companies seeking to reorganize their finances, file bankruptcy closer to their  … Read more

San Antonio, Texas will have one less eatery and watering hole this week as The Brass Tap closes its doors. Graystone Group Inc. that operates the restaurant and bar, file for Chapter 7 bankruptcy protection with the U.S. Bankruptcy Court. After more than four years of business, the company has closed its operations as of  … Read more

There’s no doubt that retail stores in the United States took a financial beating this year. In all, there were 21, high profile retailers that filed for Chapter 11 bankruptcy protection, including very big brands such as Toys R Us, Vitamin World, Hhgreegg, The Limited, and Gander Mountain. Some have even called the string of  … Read more

In October of 2017, the Consumer Financial Protection Bureau leveed new rules on the payday loan industry, requiring these quick cash establishments to check a borrower’s ability to pay back the money before getting access to cash. At the time, the CFPB’s actions were expecting opposition from industry lobbyist and lawmakers alike, and this week  … Read more

On December 7th, 2017, the Chattanooga, Tennessee based architectural and structural metal Manufacturing Company named Lectrus Corporation filed a voluntary petition for Chapter 11 bankruptcy protection with the U.S, Bankruptcy Court in the Eastern District of Tennessee. This move normally wouldn’t be newsworthy in Houston Bankruptcy news, however, this particular company has a manufacturing plant  … Read more