Dallas, Texas-based Payless ShoeSource Inc., an American discount footwear retailer, has announced plans to file for Chapter 11 bankruptcy only two years after its first Chapter 11 reorganization. In its first Dallas bankruptcy in 2017, Payless planned to shed 400 or so underperforming stores to remain viable. Now, however, the national shoe retailer is planning  … Read more

Local malls are losing retail stores due to bankruptcies. In the last month, Payless shoes and Charlotte Russe are the latest in the long list of stores to announce it has filed for Chapter 11 bankruptcy protection. Stores Closing Within the last couple of years, we have seen Sears, Brookstone, Gymboree, Claires, Davids Bridal, Toys  … Read more

Gigi’s Cupcakes filed for Chapter 11 bankruptcy protection on Jan 4, 2019, and on Jan 25, three weeks later, its holding company FundCorp filed similar paperwork in the Bankruptcy Court in the Northern District of Texas. In a Fundcorp statement, “the delay in the FundCorp filing was due to nothing more than administrative time constraints  … Read more

Hospital Chapter 11 bankruptcy cases have increased dramatically over the past 18 months, and even northwest Dallas hasn’t been able to escape the repercussions of healthcare debt problems. The Promise Healthcare Group, which filed for Chapter 11 bankruptcy reorganization in November 2018 has announced that the Dallas Promise Hospital will now proceed to the auction  … Read more

The Container Store, a Northwest Dallas, TX-based specialty Retail Company has averted a Texas bankruptcy this month in what financial experts are calling a rare comeback. The company was able to cut borrowing costs and extend a term loan helping to bolster its market price and avoid having to consider a Texas bankruptcy filing. Investors  … Read more

The Container Store, a Northwest Dallas, TX-based specialty Retail Company has averted a Texas bankruptcy this month in what financial experts are calling a rare comeback. The company was able to cut borrowing costs and extend a term loan helping to bolster its market price and avoid having to consider a Texas bankruptcy filing. Investors  … Read more

If you’ve flown on a US commercial air flight or had a sore back while at work, chances are that your flight or office hours were made more comfortable by some gadget from Brookstone. The stores have become a staple of the airport or mall scene over the last decade, earning a dominating market position  … Read more

The internet is rife with unsolicited legal advice on how to file bankruptcy yourself. Often referred to as a DIY bankruptcy, there are over 34,000 YouTube results alone instructing individuals on “how to file bankruptcy without a bankruptcy lawyer”. The truth of the matter is that if you have anything to lose, you should hire  … Read more

There are numerous facets to obtaining protection for your debts with Chapter 7 or Chapter 13 bankruptcy. However, we’ve distilled the top things to know about bankruptcy in order to discharge your debts and get your financial house back in order. There are Two Different Types of Bankruptcy Consumer bankruptcy is divided into two separate  … Read more

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