What Happens to My “Tools of the Trade” in Bankruptcy?

What Happens to My “Tools of the Trade” in Bankruptcy?
What Happens to My "Tools of the Trade" in Bankruptcy? Potential bankruptcy clients who have work tools are, understandably, concerned about losing those tools when they file for bankruptcy. Mostly, they just want to know if they are going to...
January 14, 2022
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Making Online Payments Has Never Been Easier For Your Bankruptcy Case

Making Online Payments Has Never Been Easier For Your Bankruptcy Case
Making Online Payments Has Never Been Easier For Your Bankruptcy Case At any given time during a bankruptcy case, our clients will need to make online payments. Those payments could be for our attorney’s fees to start the case, or...
January 5, 2022
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Millions and Millions of People Have Experienced Financial Problems

Millions and Millions of People Have Experienced Financial Problems
If you’re looking into bankruptcy, you might be thinking in despair that you’re the only person who has ever had financial problems. That’s so far from the truth it’s almost laughable. Since 2000 there have been more than 23 million...
December 20, 2021
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Plans of Reorganization

Plans of Reorganization
How Does a Plan of Reorganization Work? Most of our bankruptcy clients are consumers who move through a Chapter 7 bankruptcy quickly, getting a fresh start. However, many of our clients are individuals, small businesses, and farmers who need the...
December 15, 2021
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What Happens If My Spouse or I Die During My Bankruptcy

What Happens If My Spouse or I Die During My Bankruptcy
What happens when someone dies during bankruptcy? When a debtor dies during his/her bankruptcy there are a few things that could happen depending on the type of bankruptcy the person filed as well as whether it was a jointly filed...
November 15, 2021
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Benefits of Filing Bankruptcy

Benefits of Filing Bankruptcy
Very often, the negative aspects of filing bankruptcy are pointed out. However, there are few times the benefits of filing bankruptcy are discussed. There are many benefits of filing bankruptcy. The most obvious, of course, is that debt can be...
November 1, 2021
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What’s More Scary Than Halloween? Losing your job or your home or your spouse.

What’s More Scary Than Halloween?  Losing your job or your home or your spouse.
It’s Halloween time, so we’ll all be watching scary movies and dressing up in scary costumes, but what’s more scary than Halloween? How about real life? Things like losing your job or having a foreclosure on your home or going...
October 25, 2021
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Beware of Income Taxes on Unemployment Benefits for Tax Year 2021

Beware of Income Taxes on Unemployment Benefits for Tax Year 2021
Income Taxes on Unemployment Benefits for the tax year 2021 as of to date will not have the same tax break than in 2020.  In 2020, the United States saw record numbers of Americans go jobless due to the COVID-19...
October 15, 2021
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What is a Cross-Collateralized Loan?

What is a Cross-Collateralized Loan?
A cross-collateralized loan is a loan in which the collateral has already been pledged as security for a previous loan. So, basically the same collateral (often a vehicle or other personal property) is used as security on multiple loans. Some...
October 8, 2021
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When planning to file a Chapter 11 bankruptcy for my business. What do I need to prepare before filing?

When planning to file a Chapter 11 bankruptcy for my business. What do I need to prepare before filing?
When planning to file a Chapter 11 bankruptcy for a business, many people wondered what they need to prepare before filing. WM Law, can file Chapter 11 bankruptcy petitions for businesses (and individuals too). We can file traditional Chapter 11...
October 1, 2021
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Bankruptcy Eligibility Tool

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