Borders Group Inc, the second largest bookstore chain after Barnes and Noble Inc, has requested to a bankruptcy court judge for a time extension for its reorganization plan proposal, which Borders has exclusive rights to. Borders explained in its bankruptcy filing that they need an extension to the 120-day exclusivity period due to the amount [...]
People who file bankruptcy are ordinary people who are facing a financial crisis of some kind; often it is an entirely unanticipated crisis. After all, that is what the word crisis implies. So, if that description loosely fits you, you may be advised to file bankruptcy. Of course it is not that easy or simple. [...]
Facing the need to file bankruptcy it is natural to feel anxious about what is required of you and what will happen to you and your property. It is not the case that you will lose all your property if you file bankruptcy as some assets and property are exempt. What is and is not [...]
The many reasons to overcome any reluctance to file bankruptcy make this a relatively easy question to answer. When making the decision to file, it is worth considering what the intended outcome of the bankruptcy code is for the debtor, and that is to provide relief from debts that have become unmanageable so that the [...]
Many attorneys in San Antonio offer a free initial consultation; however, as there is often a need to act expediently, it is best to be well prepared at that consultation to avoid wasting time trying to find one that suits your needs. You would be wise to select several to look at closely through consulting [...]