Reports that Paracelus Healthcare Corp., a financially troubled Houston, Texas-based hospital chain, is likely to file a voluntary bankruptcy petition under Chapter 11 of the Bankruptcy Code. Defaulted interest payments of Paracelus; Number of hospitals sold by Paracelsus to Iasis Healthcare in ...
Carolyn Davis joined the editorial staff of NGI in Houston in May of 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, ...
According to the Texas Estates Code, the executor hasfour yearsfrom the date of the decedent to file for probate of the person's estate. If the executor does not file the will within that period, the laws of intestacy will determine how the assets of the estate will be distributed. If t...
In documents filed in July in Free Speech Systems' bankruptcy case in Texas, a budget for the company for Nov. 26 to Dec. 23 estimated product sales will total nearly $3 million, while operating expenses will be nearly $739,000. Jones' salary is l...
The number of youths taking part in scouting has dropped below 2 million, down from more than 4 million in peak years of the 1970s. Amid the crush of lawsuits, the Scouts recently mortgaged the major properties owned by the national leadership, including the headquarters in Irving, Texas, an...
The New Brunswick, New Jersey-based J&J is attempting again to end the litigation in a so-called "Texas two-step" bankruptcy.
We heard in back in July that Big Lots would be closing about 300 of its stores in 34 states. Today, we woke up to the news that Big Lots has filed for Chapter 11 Bankruptcy. What does this mean for the other stores? Are the stores in Texas and Arkansas safe?
However, the company's so-called "Texas two-step" bankruptcy strategy still faces hurdles. In J&J's case, the company is trying to offload its talc liability onto a newly created subsidiary, which declares Chapter 11. This keeps J&J from having to file for bankruptcy. ...
A popular fashion retailer filed for bankruptcy on Monday, April 23 and five Texas stores will be affected. I remember growing up one of my favorite places to shop for back-to-school clothes in Tyler, Texas was Express. Well, to be honest, it was one of my older sister's favorite plac...
Amid the crush of lawsuits, the Scouts recently mortgaged the major properties owned by the national leadership, including the headquarters in Irving, Texas, and the 140,000-acre Philmont Ranch in New Mexico, to help secure a line of credit. ...