Chapter 11 Bankruptcy: An Option for Financially Burdened Businesses

The U.S. market is only just beginning to recover from the downturn and instability it experienced in the last recent years. Even then, dozens of businesses across America are still trapped in the shadow of this downturn and are continuing to struggle with significant financial burden. Plenty of business owners face the threat of having to close their doors. Fortunately, they might be able to turn their fate and achieve the financial relief they need by petitioning for a Chapter 11 bankruptcy.

As many just about any Killeen bankruptcy lawyer will be aware of,businesses struggling to pay their debts can seek out financial relief through Chapter 11 bankruptcy. As mandated in the U.S. Bankruptcy Code, a Chapter 11 petition can grant a business with a reorganization plan that will enable them to repay substantial debt over a specific period of time. Best of all, a Chapter 11 can allow a business to continue operations and keep earning profits even as they slowly pay off their debt. Sometimes, a court may also urge a business to have their assets and properties liquidated to cover their payments. Sadly, a Dallas bankruptcy lawyer will usually have to break the bad news that such an action might require a business to downsize significantly. However, this will ultimately keep their doors open for continued operations.

As pointed out by the website of Gagnon, Peacock & Vereeke, P.C., pursing a Chapter 11 bankruptcy can provide a business with the opportunity to keep their doors open as they pay off their debts. However, it should be noted that going through the petition process can be extremely tedious and time-consuming. It can also be significantly more expensive than other bankruptcy options available in America. The U.S. federal courts require Chapter 11 petitioners to pay a substantial fee when filing their cases, plus an additional administrative fee of around $500. Despite these concerns, filing for a Chapter 11 bankruptcy can be beneficial in the long run. Businesses in Texas should consider discussing with a legal professional in their area.

Legal Options for Patients Suffering from Xarelto Side Effects

Initially approved by the U.S. Food and Drug Administration in 2011, Xarelto is a drug that is being widely used to prevent blood clots caused by a variety of medical conditions. People who are at risk of abnormal blood clotting caused by issues in their cardiovascular system are typically prescribed by physicians with this newest generation of anticoagulant medication. Xarelto, which is also known by its generic name rivaroxaban, works by blocking the production of certain types of protein that cause the formation of blood clots.

While it was initially approved by the FDA for use of patients following hip and knee replacement surgery, Xarelto was subsequently approved as a general way to prevent blood clotting caused by many different conditions. This is due to the fact that the drug is known to be an incredibly effective treatment for millions of patients across America. Unfortunately, recent developments show that Xarelto might not be a safe treatment option for certain patients. According to the website of Williams Kherkher, the FDA recently rejected the use of Xarelto for acute coronary syndrome due to notable side effects caused by the drug. While patients often find that Xarelto effectively address their particular conditions, some have also reported experiencing adverse side effects including gastrointestinal bleeding and brain hemorrhaging.

Patients prescribed to take Xarelto need to understand these side effects and how they can cause more harm than good. Unfortunately, the more serious symptoms caused by Xarelto aren’t always disclosed by the drug companies that manufacture them. This leaves patients vulnerable to significant risks, which is particularly alarming due to the fact that their health is already compromised to begin with. As a result, patients harmed by taking Xarelto are left with little choice but to pursue legal action and try to hold large pharmaceutical companies accountable for their negligent missteps. This can quickly become a difficult battle. If you are suffering from the adverse side effects caused by Xarelto, it would be best to work with an legal team with sufficient experience in defective pharmaceutical claims.

Next Entries »