What is the “Automatic Stay” in a Chapter 11 Bankruptcy?

What is the “Automatic Stay” in a Chapter 11 Bankruptcy?
Embarking on the journey of bankruptcy, particularly Chapter 11, can often feel overwhelming. At the heart of this process lies a critical and protective mechanism: the Automatic Stay. This legal provision acts as a shield, safeguarding debtors from the relentless...
January 17, 2024
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Will I Lose My Assets If I File For Chapter 11 Bankruptcy?

Will I Lose My Assets If I File For Chapter 11 Bankruptcy?
The prospect of filing for Chapter 11 bankruptcy is daunting, with many wondering if they will lose their assets . The good news is that in a Chapter 11 scenario, the power largely remains in the hands of the debtor....
November 22, 2023
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What is the Disclosure Statement in Chapter 11 Bankruptcy?

What is the Disclosure Statement in Chapter 11 Bankruptcy?
Chapter 11 bankruptcy is a lifeline for struggling businesses, providing them a structured pathway to reorganize their debts and assets. Central to this process is the disclosure statement, a document of paramount importance. In this article, we'll discuss what a...
November 15, 2023
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Can Bankruptcy Stop a Lawsuit?

Can Bankruptcy Stop a Lawsuit?
The recent news of the Catholic Archdiocese of San Francisco’s bankruptcy filing has exposed a lot of anger and other strong emotions. This bankruptcy filing might halt more than 500 civil suits. But coupled with Johnson & Johnson’s attempts to...
September 8, 2023
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Options in Chapter 11 Cases

Options in Chapter 11 Cases
Many bankruptcy law firms don’t offer clients Chapter 11 options because Chapter 11 cases are complicated. But in this economic climate, it’s very important for small businesses to understand their options. Epiq Bankruptcy, a company that tracks bankruptcy filing data,...
June 9, 2023
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How are Debts Handled under Different Bankruptcies?

How are Debts Handled under Different Bankruptcies?
Our firm files many Chapter 7 bankruptcy cases annually, which are liquidation cases that do not involve plans to reorganize debts over time. We also file numerous Chapter 13, Chapter 11, and 12 consumer bankruptcy cases, which involve plans to...
March 27, 2023
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Changes in the BK Legislation Regarding Debt Limits

Changes in the BK Legislation Regarding Debt Limits
Back in April of this year, the US Senate passed a bill that would have restored the Subchapter V (of Chapter 11) Debt Limits to $7.5 million for small businesses proceeding through the process. As an incentive to support this...
June 17, 2022
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How WM Law Can Help Creditors in a Chapter 11 Bankruptcy

How WM Law Can Help Creditors in a Chapter 11 Bankruptcy
We have experience filing Chapter 11 and 12 bankruptcy cases for small farm and small business clients.  We work hard to try to help farmers and businesses keep the doors open and operate. However, we also work on behalf of...
March 14, 2022
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What the Upcoming Months May Mean for Landlords, Tenants, and Homeowners

What the Upcoming Months May Mean for Landlords, Tenants, and Homeowners
Are you a landlord?  If you are a landlord and your tenants have been affected by COVID-19 and are unable to pay, you may have issues servicing your debts, including mortgages or deeds of trust on real estate you own. ...
January 15, 2021
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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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