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A house divided against itself cannot transfer.
Originally published by David Coale. Just before filing for bankruptcy, Mr. Wiggins signed a “Partition Agreement” in which he and his wife divided their ownership of their home into two separate...
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Hot Potatoes
Originally published by David Coale. Gatheright bought sweet potatoes from Clark, paying with two post-dated checks. When they were returned for insufficient funds, Clark instituted criminal...
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Much blame, but lame claim.
Originally published by David Coale. An architecture firm held a large judgment against a bankruptcy debtor, and contended that the failure of the debtor’s insurer to object to that claim barred...
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Rejecting Midstream Agreements in Bankruptcy – the Journey Continues
Originally published by Charles Sartain. Co-author Lydia Webb One of the hottest issues from 2016 was whether an E&P debtor can reject, under section 365 of the Bankruptcy Code, an above-market...
View ArticleDo You Make Too Much Money To File For Bankruptcy?
Originally published by Allmand Law Firm, PLLC. There are a number of myths and misconceptions surrounding bankruptcy, and many of them can cause consumers to incorrectly believe that bankruptcy is not...
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Does filing for Chapter 11 make you a business failure?
Originally published by Guest Blogger Natalie Friend Wilson. In the past year or so, there has been great public debate about whether someone can be considered a successful business person if his or...
View ArticleWho is Paid First in a Bankruptcy Case?
Originally published by Allmand Law Firm, PLLC. Bankruptcy and discharges of debt are a great benefit for people facing tough financial times, but bankruptcy also allows many creditors to get paid as...
View ArticleTexas Bankruptcy Exemptions
Originally published by Allmand Law Firm, PLLC. Considering filing for Chapter 7 or Chapter 13 bankruptcy in Texas? You may have several questions about how the process works and how it will affect...
View ArticleUnderstanding Your Plan of Reorganization for a Chapter 11 Bankruptcy
Originally published by Allmand Law Firm, PLLC. Chapter 11 bankruptcy, also known as "reorganization bankruptcy," is a bankruptcy plan that allows corporations, partnerships and individuals to...
View ArticleWhy Hiding Assets Could Cost You
Originally published by Allmand Law Firm, PLLC. When an individual or couple files for bankruptcy, they are required to disclose all of their assets in their petition. It is important for filers to...
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