Chapter 7 Bankruptcy and Taxes: What You Need to Know

Chapter 7 Bankruptcy and Taxes: What You Need to Know
Before filing for a Chapter 7 bankruptcy, it is important to understand how taxes will be affected. Bankruptcy can provide relief from overwhelming debt, including taxes, but there are some important considerations to keep in mind. Here is what you...
February 14, 2023
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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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I’m Filing a Chapter 7 Bankruptcy and Want to Buy a New Car – What Can I Do (and When)?

I’m Filing a Chapter 7 Bankruptcy and Want to Buy a New Car – What Can I Do (and When)?
We’ve talked in the past about options for clients with cars as they enter bankruptcy.  But what happens if you are proceeding through a Chapter 7 bankruptcy and want to buy a car.  What do you do? Timing The first...
February 26, 2020
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What Will Happen To The Rental House I Own In Bankruptcy?

What Will Happen To The Rental House I Own In Bankruptcy?
It is relatively common for our clients to own a rental house that they rent to a third party.  Most often, the rental house has little or no equity, yet our client would still like to keep the rental house...
April 10, 2019
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Differences between Chapter 7 and Chapter 13

Differences between Chapter 7 and Chapter 13
A recent phenomenon has occurred in the Kansas City bankruptcy market regarding Chapter 7 and Chapter 13 bankruptcies.  This phenomenon was even commented on recently in court by one of our bankruptcy judges:  we are seeing a much higher percentage...
April 7, 2017
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Bankruptcy Eligibility Tool

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