On November 6, Taco Bueno Restaurants filed for Chapter 11 relief with a prepackaged plan. Taco Bueno, founded in Abilene Texas in 1967 has closed 19 locations in 4 states. One hundred sixty-nine restaurants remain open in Texas, Oklahoma, Kansas, Louisiana, Missouri, and Arkansas. Dallas based Sun Holdings won a silent auction for Taco Bueno’s  … Read more

It was just 2012 when Sears Holdings, which bought Kmart in 2005. Before that, in the 50s and 60s, Sears, Roebuck & Company was one of the largest international department store chains in the world. For the past several years, financial analyst and corporate bankruptcy specialists in Texas have warned that Sears may be the  … 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

There are times where businesses can run into great financial difficulties and have to consider bankruptcy. In these cases it is a Chapter 11 bankruptcy that has to be considered. The Chapter 7 and it Chapter 13 versions of bankruptcy are reserved for those that are in a personal need of debt relief. There are  … Read more

Many companies file for Chapter 11 bankruptcy when they get into deep financial trouble, and if they are successful, they can start over with a relatively clean slate. However, if they don’t make changes to the business model, they will inevitably run into the same problems as before. The following are a few facts and  … Read more

Vince Young was once a star quarterback for The University of Texas football team. After  a successful run in the NFL, Young has recently found himself upside down in his financial  profile. Hoping to regain some control, he filed for Chapter 11 bankruptcy protection. Financial Playbook Entering the Texas bankruptcy system with debt liabilities ranging  … Read more

Designer Furniture Warehouse, the regionally recognized furniture retailer, has declared Chapter 11 bankruptcy and will be closing all but one of its eleven stores, according to a bankruptcy attorney close to the case. DFW had, at the time of filing, assets listed in the $1 million range and debts at nearly ten times that amount.  … Read more

According to an expert bankruptcy attorney who has been watching the company, retail giant JC Penney is flirting with Chapter 11 bankruptcy, and if the company does not get a significant cash inflow from investors, will be forced to declare bankruptcy. It is believed that JC Penney will end up declaring Chapter 11 bankruptcy as  … Read more

When you are looking over your Fort Worth bankruptcy options, you are probably looking at the differences between the two main types of filing for individuals, Chapter 7 and Chapter 13. Other chapters of the bankruptcy code, such as Chapter 11, may not seem to pertain to individuals, as they are geared more toward businesses.  … Read more

A U.S. brand affiliate of the U.K. grocery giant Tesco has filed for Chapter 11 protection recently. The chain has listed debts of somewhere in the neighborhood of $1 billion, according to sources. In a statement released by the company’s CEO he stated that the Chapter 11 filing was part of a restructuring plan and  … Read more