Dairy Queen Franchise owner Vasari LLC, based in Irving, Texas, announced this week that it would be filling for Chapter 11 bankruptcy protection and closing nearly 30 stores as a result of the bankruptcy restructuring. The affected Ice Cream and Fast Food restaurants are located across Texas, New Mexico, and Oklahoma. The parent company of  … Read more

When you file bankruptcy, the court issues specific rules, and if you don’t follow those guidelines, or abuse the bankruptcy process in generally, the bankruptcy court may dismiss your case with prejudice. Taking a step back, when your bankruptcy case is dismissed, the court stops your bankruptcy proceedings without discharging your debts, which essentially ends  … Read more

While Chapter 7 and Chapter 13 bankruptcies are designed to give individuals a fresh financial start by discharging debt and educating the filer on common financial pitfalls and how to avoid them, sometimes they find themselves facing similar financial difficulties and contemplating filing bankruptcy a second or even third time. You are able to file  … Read more

Bankruptcy is a federally governed process whose cases are only heard in federal courts. Because they are federal, bankruptcy proceedings are binding. Bankruptcy courts are more closely related to civil courts where two parties are attempting to resolve a lawsuit, except in bankruptcy court, there are no winners or losers, only two parties attempting to  … Read more

Dallas bankruptcy attorneys are individuals that have passed the bar exam in the state in which they practice and who have a J.D. or Law degree. Most of the time, bankruptcy attorneys work in either consumer bankruptcy, which focuses on helping individual debtors file bankruptcy, or commercial bankruptcy, which instead focuses on filing Chapter 11  … Read more

For many people who are contemplating seeking bankruptcy in Texas the mere thought is enough to induce much hand wringing and even tears and of course the shame and embarrassment for being in the situation in the first place. Well, rest assured that it is not only an issue for the rest of us mere  … Read more

After you have filed for Chapter 7 bankruptcy protection there are some steps that will occur that you need to be fully prepared for. One of these steps is the meeting of the creditors. This meeting gives the creditors an opportunity to question the applicant about the debts they face, the structure of these debts  … Read more

There are many steps that need to be taken prior to filing for bankruptcy protection. The very 1st step and without doubt the absolute most important would be to contact a qualified financial adviser and/or a qualified bankruptcy attorney to get the advice and information that you need to move forward. After that is out  … Read more

Deciding that the only option you have left is file for bankruptcy can be a very frightening proposition for many. Unfortunately, it is the only option left for some individuals. You can however, learn some very important lessons should you be forced to go that direction. One very common misconception is that you will lose  … Read more

There are many forms that will need to be filled out during a bankruptcy. One of these forms is going to be the statement of intention. What this does is outlines for the bankruptcy court as well as your creditors as to what your intentions are regarding some of your property and perhaps leases. In  … Read more