Chapter 11 bankruptcy is a type of bankruptcy that allows a company to reorganize its debts and business operations in an effort to become financially stable. It is a common option for businesses that are struggling but want to keep...
Our New Year’s Resolution: An Even Better WM Law
What’s our New Year's Resolution? We are focusing on growing our firm so that we can serve our community even more. Our new year's resolution is to continue to improve our client communications and work product and invest in our...
December 30, 2022
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New Guidance for Student Loan Discharge
Generally, student loans are considered non-dischargeable in bankruptcy. Under § 523(a)(8) certain student loans may not be discharged in bankruptcy unless the bankruptcy court determines that payment of the loan “would impose an undue hardship on the debtor and the...
December 21, 2022
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Can I Improve My Credit Score While I’m in a Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is a repayment type of bankruptcy where a debtor can pay debts in a three to five-year payment plan, often at a more affordable monthly payment than could be achieved outside of bankruptcy. Many debtors are concerned,...
December 12, 2022
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Should I Stay in Business Or Should I Go?
The operators of a small business in distress have one very difficult decision to make: does it make more sense to stop running the business and protect the owners personally (possibly through an individual bankruptcy) or try to save the...
December 5, 2022
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Credit Card Spending During the Holidays Before Filing Bankruptcy
A common question asked during initial consultations is “I know I have to file bankruptcy, but what if I have used my credit cards in the past couple of months?” The “busy season” for filing bankruptcies is generally March of...
November 21, 2022
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“Spendthrift Trusts”: How to protect wealth from your heirs’ creditors
Proper estate planning involves the protection and preservation of your legacy. Sometimes these goals require limiting an heir’s ability to rapidly deplete their inheritance. Typically, estate planning professionals use “spendthrift provisions” to protect loved ones from poor financial decisions, and...
November 3, 2022
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Buy Now Pay Later Companies are Risky to Work With
Companies like Affirm, Klarna, and Afterpay are what are known as Buy Now Pay Later companies (BNPL). These companies allow you to purchase items, usually online or through apps, and pay later. That sounds like a good alternative, and a...
October 31, 2022
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Founder’s Story
Hi, I’m Jeff Wagoner, and you’ve probably seen me in some of the other videos here on our website or in our video blog. But I wanted to take a couple of minutes and tell you about my background and...
October 21, 2022
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Can I refinance my home loan during my Chapter 13 bankruptcy?
In an appreciating housing market, debtors in Chapter 13 bankruptcy sometimes want to know if they can refinance their home loan. The short answer is: Maybe. When a debtor is in Chapter 13, he/she is not supposed to take out...
October 14, 2022
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