Author Archives: admin

Even in Chapter 11 Indviduals who file a personal bankruptcy must have credit counseling

Let’s say you have a corporation that needs to reorganize. You personally guaranteed the loans and you are looking at filing both a corporate chapter 11 and one for yourself to protect yourself from being sued by the lender. It … Continue reading

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Before a Texas Corporation Can File for Bankruptcy the Board of Directors Must Sign a Unanimous Resolution

A Texas corporation can only file bankruptcy if a resolution is signed by all members of a the board of directors.  Other than calling a special meeting of the board of directors which there is seldom time to do, the … Continue reading

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