Rising business bankruptcies draw filers to Texas courts known for respected judges
By
Abigail B. Willie
5h ago· 4 min readenOpinion
75/100
Toasty
Bagelometer↗
A good honest bake. Not flashy, but you'll finish the whole bagel.
Score75TypeopinionSentimentneutral
Summary
Business bankruptcies are rising across the U.S., with many businesses choosing to file in Texas due to the high quality and reputation of its judges. Most business bankruptcies involve small businesses undergoing liquidation. The article argues that Texas judges are respected for handling cases timely and fairly, which attracts debtors and creditors to file in the state.
Key quotes
· 3 pulledBankruptcies are up nationally with many businesses choosing to file in Texas due to the high caliber of judges.
Most business bankruptcies are of small businesses, not corporate conglomerates, and most are liquidation bankruptcies (the business will close).
Debtors and creditors, in any size of business bankruptcy, can proceed knowing their interests will be addressed timely and fairly by respected Texas judges.
Debtors and creditors, in any size of business bankruptcy, can proceed knowing their interests will be addressed timely and fairly by respected Texas judges.
