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...
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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Should I Close My Small Business If I Want to File a Bankruptcy?
We often consult with clients who own a small business in distress. If the business is not profitable, a Chapter 11 reorganization may allow the business to start fresh by reorganizing its debts. If the owner doesn’t want to continue...
February 10, 2020
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Bankruptcy and Tax Refunds
This time of year anyone that is considering filing bankruptcy needs to be aware of how bankruptcy impacts their potential tax refund. Potential Asset When filing bankruptcy, the Debtor has an obligation to list all of their assets. That's easier...
December 12, 2019
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How Can Chapter 11 Help my Small Business?
With upcoming changes to the procedures for “small business” Chapter 11 filings we expect more Chapter 11 filings for individuals and for businesses who qualify as “small businesses” under the new sub-chapter of the bankruptcy code. Let’s talk about the...
November 21, 2019
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New Bankruptcy Legislation Aims to Help Bankrupt Debtors
By Ryan Blay, W M Law Attorney at Law With pressing major legislation and partisan conflict, Congress does not always take the time to review bankruptcy legislation. When it does, however, it has taken some steps to make bankruptcy a...
October 18, 2019
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