The Increase in Bankruptcies and the Need for Bankruptcy Lawyers in Texas
Bankruptcies inevitably increase in a bad economy. What is bankruptcy? Bankruptcy is a federal court process to protect an individual or business, allowing the elimination and/or repayment of debts. Most bankruptcies are filed under Chapter 7 or Chapter 13 of the Federal Bankruptcy Code. Chapter 7 aids in the liquidation of debt, while Chapter 13 reorganizes debt and repays all or some, while an individual keeps their homes. Many consumers do not have the savings to see them through tough times, and they need legal advice to guide them through the bankruptcy course of action.

Haynes and Boone Helps Copper Giant ASARCO Emerge from Bankruptcy
After four and one-half years in Chapter 11, ASARCO, LLC emerged from bankruptcy Wednesday with the closing of a full payment reorganization plan proposed by Americas Mining Corporation (AMC) and ASARCO, Inc, wholly owned subsidiaries of Grupo Mexico SAB represented by Haynes and Boone, LLP and Milbank, Tweed, Hadley & McCloy, LLP. The plan pays all ASARCO creditors in full and returns control of the U.S. copper giant to its corporate parent, AMC.

Does Your Bankruptcy Law Firm Need Both Attorneys And Accountants?
Recent changes in U.S. law made declaring bankruptcy a much more complicated matter. Chapter 7 is the most common form of bankruptcy requested by debtors and does not require repayment. However, the U.S. Trustee has become much more aggressive in denying Chapter 7 bankruptcy, and instead forcing people into a Chapter 13 bankruptcy that does require repayment. Today you need much more from your law firm to get your Chapter 7 petition approved.

$32 Million Lawsuit Filed Against Lynn Tilton and Patriarch Partners
Private equity company sued for $32m for fraud and misconduct. Patriarch Partners and Lynn Tilton are named as defendants. The company is alleged to have improperly moved equipment to Mexico.