Latest on the Bankruptcy Blog

A Farmers Branch, Texas-based chiropractic center working on groundbreaking brain trauma treatments has declared bankruptcy and closed its doors. The company, Cerebrum Health Centers was once a darling of numerous Texas investors and Governor Rick Perry alike. The company, formally known as Carrick Brain Centers, was even given research funding to the tune of $2  … Read more

A law journal put out by the American Bankruptcy Institute by two Justice Department officials last week reminds everyone that there is no bankruptcy for cannabis businesses in the United States. In the article written by Clifford J. White III and John Sheahan. The denial of bankruptcy protection for this category of businesses is due  … Read more

Retailers all around the country are filing for chapter 11 bankruptcy at an unprecedented rate. This mass of bankruptcies has led to a large number of store closings via liquidations. Liquidation scales may seem like a huge savings opportunity, however, stores attempt to maximize sales with the liquidations sales and so, consumers must use caution  … Read more

When filing bankruptcy the US Bankruptcy Trustee assigned to your bankruptcy case will examine your income versus expenses. During the course of a Chapter 13 bankruptcy, the court allows for expenses that are considered “reasonably necessary to live”. A number of expenses are allowed to be included in this list and excludes payments to unsecured  … Read more