Viewed by the U.N. as the most significant global crisis since World War II, and one that could lead the global economy to its worst performance since the Great Depression of 1929, the challenges to be faced as a result of the COVID-19 pandemic are diverse, among them the search for ways to mitigate its  … Read more

Due to the worldwide pandemic of the Coronavirus COVID-19 as part of protecting our health, many businesses have been closed. If the United States courts are open at all, many are only operating with limited staff, or the staff is working from home. Smaller courts have been closed due to possible exposure. Due to the  … Read more

A recent decision in the Fifth Circuit Court can change the fate of private educational lenders. In Crocker v. Navient Solutions, the court upheld a decision by the Southern District of Texas that not all private educational loans are exempt from discharge in bankruptcy. Two different cases resulted in student loans from Navient being discharged  … Read more

A recent study conducted at the National University of Singapore’s Social Service Research Center indicates people who are relieved of their debt such as through bankruptcy or a charitable contribution, perform better on cognitive functions and have less anxiety. The study was conducted between January 2015 and August 2017 involving almost 200 low-income people. The  … Read more

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