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Category: bankruptcy_blog

8 Oct, 2013
Reaves & Lee

Chapter 7 Cannot Discharge Tax Debt

If you are faced with a significant amount of IRS tax debt, you may be at your wit’s end searching for an answer. Sadly, most tax debt cannot be discharged in Chapter 7 bankruptcy; and even those debts that can be...

7 Oct, 2013
Reaves & Lee

Scrap Metal Company Files Chapter 11

A Chicago-based scrap metal recycling company has recently filed for Chapter 11 protection. As a result of the filing, the company will be selling a large portion of its assets to a rival scrap recycling firm, clearing out...

4 Oct, 2013
Reaves & Lee

Bankruptcy Review For October 4, 2013

This week in bankruptcy news: The company behind IBM’s storage cloud system ceased operations and filed for Chapter 7 liquidation. However,the company insists that arrangements have been made to ensure customers will...

3 Oct, 2013
Reaves & Lee

Chapter 13 in Texas

In each state, filing for Chapter 13 bankruptcy protection is a slightly different process. This is because bankruptcy is a state issue, not a federal one, and each state is of course a separate government entity with...

2 Oct, 2013
Reaves & Lee

Small Business Chapter 7

If your small business is struggling to make ends meet, you may have considered filing a business Chapter 7 Dallas bankruptcy. Before you make any decisions, though, you should make sure you have all the facts about what...