Big Lake is a small rural city in Reagan County, Texas, United States. As of the 2000 census, the city population was 2,885. It is the county seat of Reagan County. The city takes its name from a dry lake, a unique dryland plains geographic feature situated atop the divide between the Rio Grande and Colorado River watersheds, located less than two miles south of the city, through which St Hwy 137 passes. The dry lake, with no outlet, is over two sections in size, making it the largest in Texas; it holds water temporarily and only after high runoff rain events, being used for grazing the remainder of the time. Though seasonal and temporal, the 'big playa lake', in wet periods, is significant in a semi-arid, drought-frequented environment and has been utilized regularly as a food and water resource by man and animal, alike, since prehistoric times. Started as a small ranching community in the late 1880s, Big Lake owes its original existence to the Kansas City, Mexico and Orient Railway, which passed through the area in 1912 as it was extended from Sherwood, west of San Angelo, to Girvin and beyond the Pecos River. The growth from the railroad, coupled with that from the Santa Rita discovery well in 1923, allowed it, in 1925, to take over the position of county seat from Stiles, a pioneer ranching community established in 1894 on Centrailia Draw, approximately 20 miles to the north. The main highway through the area, US 67, was extended through the region in 1934, on the way to a termination in Presidio. The city's current existence is based on agriculture (some farming, but mostly ranching) and oil and gas service and production throughout the area.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Texas

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...