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Over the past two years, U.S. bankruptcy filings have begun to rise after reaching historic lows during the pandemic period. For the 12-month period ending December 31, 2025, total U.S. bankruptcy filings increased 11% year over year, reaching 574,314 cases (Administrative Office of the U.S. Courts, 2026).

Most people get their news from multiple sources, including television, online outlets, and even the neighbor down the street.

For individuals and business owners facing financial hardship, among the promising options to achieve debt relief is by filing for bankruptcy. However, there are several collective popular notions and false assumptions out there about the bankruptcy process.

Dating back to the time of Thomas Jefferson and his presidency, the nation has observed what is called mechanic’s liens to protect subcontractors, laborers, and suppliers on construction jobs from being shortchanged or denied their proper fees.

Large companies have more order and structure, which is why there is more accountability involved. As a board director or officer, you need to understand the importance of following company bylaws and how violating those bylaws may lead to litigation.

There are numerous situations in which one individual or entity may owe a duty to act in the best interests of another party. The duty is known as a “fiduciary duty.”

As a business owner, you have a lot on your plate. The everyday tasks of managing employees, payroll, operations, customer service, and ensuring you’re in compliance with all laws and safety protocols is enough to fill your days.

Businesses need liability insurance coverage to protect their financial interests and cover the costs associated with bodily injury, property damage, and liability claims. Without the appropriate business insurance policy, the business owner may be required to settle costly damages and legal claims against their business or company out of their pocket.

Are you involved in a dispute in or near Dallas, Texas, and looking for an alternative to going to court? I am ready to help. My law firm has helped individuals embroiled in disputes for more than three decades.

You’re running a business that extends credit and some customers or clients fall behind in their payments. You try the usual phone call and email tactics but to no avail. How far can you go in collecting a debt owed to you? What are your rights — and limitations?