In 2015, the Texas Legislature enacted the Texas Compassionate Use Act, Senate Bill 339. Under TCUP’s regulatory regime, the Texas Department of Public Safety (“DPS”) would create a secure registry for licensed physicians to prescribe low tetrahydrocannabinol (“THC”) to patients suffering from a limited list of medical conditions, including ALS and intractable epilepsy.
Since establishing the Texas Compassionate Use Program (“TCUP”), DPS has issued licenses to only three dispensing organizations to dispense low-THC cannabis to registered TCUP patients. Currently, only two are operational in the state of Texas. Recently, DPS’ Regulatory Services Division announced that department officials are now accepting new applications for dispensing organization licenses. Read below to learn more about the TCUP and the licensing application process.
Cryptocurrency has evolved from an obscure virtual niche to a widespread consumer investment. And as more individuals and businesses collect crypto in their digital wallets, issues arise regarding how these virtual currencies are valued and categorized in bankruptcy cases.
Working with a trusted law firm like Ritter Spencer is the best way to build an understanding of how the bankruptcy process accommodates modern complexities like cryptocurrency. Read on to learn more about how the bankruptcy process addresses cryptocurrency.
Filing for bankruptcy should pave the way to a fresh start, but the possibility of bankruptcy fraud dramatically clouds the path toward financial freedom and can allow the debtor’s creditors to recover assets that may have been retained. Read below to discover three essential aspects of bankruptcy fraud and connect with Ritter Spencer to work with bankruptcy experts.
Declaring bankruptcy can be a stressful, complicated process with many detailed steps that may overwhelm individuals and business owners. Anyone looking to declare bankruptcy should understand the basics of bankruptcy to appropriately consider the different categories, processes, and expected outcomes.
For many business owners, working with a bankruptcy attorney is often only considered in a worst-case scenario. And while bankruptcy lawyers are certainly experienced in helping companies navigate challenging financial situations, their expertise is not limited solely to formal bankruptcy proceedings. Any business, whether it is facing a decrease in income generation or increasing debts, can benefit from working with a bankruptcy attorney, which becomes especially beneficial if and when an economic recession takes place. Read below to learn more about how a bankruptcy attorney can help your business prepare for a recession.
Bankruptcy is a challenging reality for many businesses, and it is not always easy to understand the intricacies of the bankruptcy process. While bankruptcy may not be the ideal solution for all struggling businesses, there are certain benefits that come with a bankruptcy filing, specifically, the automatic stay. Learn more about the automatic stay and discover how a commercial bankruptcy attorney can help your business return even stronger after bankruptcy.
Debts build up, cash flow changes, economies rise and fall, and uncertainties increase, and entrepreneurs and business owners may need to reevaluate their financial standing accordingly. However, running into financial trouble does not necessarily mean that a company needs to close shop and declare bankruptcy. Restructuring and reorganization strategies developed by an experienced commercial bankruptcy attorney give business owners more flexibility in finding a solution with their creditors rather than declaring bankruptcy.
Business disputes are often unavoidable in today’s competitive economic environment. From disagreements about contracts to issues with investments, these conflicts vary in levels of severity and how costly they are. Business litigation attorneys work collaboratively with companies to address these disputes and produce the best result for their clients. However, the variety of these disputes make it difficult for a business owner to know when to bring in an attorney to handle a conflict. Read below to learn when to hire a business litigation attorney and how the Dallas law firm of Ritter Spencer PLLC can advise companies through business litigation.
When a company cannot repay its debts in challenging financial circumstances, the business may be forced to declare bankruptcy. However, different types of bankruptcies exist depending on the business type and specific situation. Working with an experienced Dallas law firm that specializes in helping companies succeed, like Ritter Spencer PLLC, can make it easier to determine which type of bankruptcy a company should file to eliminate existing debt and yield a clearer opportunity for future success. Below we explain the differences between Chapter 11 and Chapter 7 bankruptcy for businesses.
Organizing finances and adapting to evolving economic situations are constant challenges of running a business. Even companies that feel prepared for a change in their financial status may find themselves on the brink of bankruptcy. With the volatility of the global economy and an unpredictable market, businesses should prepare for the worst and work with a bankruptcy attorney to create a financial plan in case of bankruptcy. Work with the Dallas commercial bankruptcy attorneys at Ritter Spencer PLLC to plan for your company’s future.