Don’t Repay Friends and Family Before Filing a Bankruptcy!

Don’t Repay Friends and Family Before Filing a Bankruptcy!
When we file bankruptcy schedules for our clients, we are required to complete a Statement of Financial Affairs.  One of the questions this paperwork asks is if, within 1 year before filing for bankruptcy, the Debtor has made “a payment...
June 24, 2020
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Should I file bankruptcy right now or wait?

Should I file bankruptcy right now or wait?
There are some strategic considerations to think about when determining whether to file a bankruptcy right now or to wait until some point in the future.  There is no “one size fits all” answer in bankruptcy. Despite there likely being...
June 15, 2020
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Unemployment During COVID 19

Unemployment During COVID 19
The recent CARES Act passed by Congress and signed by President Trump on March 27, 2020, brought relief to many people throughout the country. One of the many forms of relief in the CARES Act provided additional unemployment compensation for...
June 5, 2020
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The Cost-Benefit Analysis in Filing for Bankruptcy

The Cost-Benefit Analysis in Filing for Bankruptcy
Quick pop quiz:  Have you ever been told there is a minimum amount of debt you need to file for bankruptcy?  Under the Bankruptcy Code, there isn’t, but many people believe there is.  That is likely because most people with...
May 26, 2020
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How the CARES Act Affects Bankruptcy

How the CARES Act Affects Bankruptcy
As most people know, the CARES Act was passed in March of this year in an effort to alleviate or mitigate the economic damage caused by Covid-19.  The CARES Act created certain financial benefits for individuals that could possibly impact...
May 18, 2020
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How can I file my tax returns for little or no expense?

How can I file my tax returns for little or no expense?
Many people have already filed their tax returns this year, but there are still some who have not.  There could be several reasons why someone has not yet filed tax returns: it’s too expensive or he/she will owe money or...
May 11, 2020
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Can the bank garnish your COVID 19 stimulus check?

Can the bank garnish your COVID 19 stimulus check?
The $1200 per person stimulus payment was one of the biggest announcements from the recent CARES Act legislation passed by Congress and signed by President Trump. Most people have already started to see the funds in their bank accounts through...
May 1, 2020
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Home Lease Purchase Program

Home Lease Purchase Program
I just spent the last couple of hours going over a home buying program with a good friend of mine who is a realtor.  It is structured as a lease to purchase arrangement, but is much better than the train-wreck...
April 20, 2020
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W M Law is Here to Help – More than just a Bankruptcy firm

W M Law is Here to Help – More than just a Bankruptcy firm
The majority of what our firm does is bankruptcy related.  We advise individuals, farmers, and small businesses on their debt relief options and often recommend bankruptcy filings.  We file a lot of bankruptcies for Kansas and Missouri residents in and...
April 10, 2020
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How Will the Coronavirus Impact Us Financially? 

How Will the Coronavirus Impact Us Financially? 
How Will the Coronavirus Impact Us Financially? We already know about the devastating medical consequences of the Coronavirus.  We’ve also seen the social consequences as cities and states restrict movement, entertainment, and business operations. One of the effects we’re just...
March 20, 2020
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