When we prepare bankruptcy paperwork, one of our duties is to make sure that ALL of our clients’ debts are listed. That is true for a Chapter 7 liquidation, or a reorganization like a Chapter 13, 11, or 12. However,...
Plans of Reorganization
How Does a Plan of Reorganization Work? Most of our bankruptcy clients are consumers who move through a Chapter 7 bankruptcy quickly, getting a fresh start. However, many of our clients are individuals, small businesses, and farmers who need the...
December 15, 2021
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What Happens If My Spouse or I Die During My Bankruptcy
What happens when someone dies during bankruptcy? When a debtor dies during his/her bankruptcy there are a few things that could happen depending on the type of bankruptcy the person filed as well as whether it was a jointly filed...
November 15, 2021
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What happens if I file for bankruptcy and move out of state?
At WM Law, we file bankruptcies for residents of Kansas and Western Missouri. However, we understand that people move constantly. So how do we address when people move? 1. If you are moving from another state to Kansas or Missouri...
August 14, 2020
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What will my credit report and credit score look like after filing for bankruptcy?
We understand the importance of a good credit score. Without good credit, you will pay thousands more in interest on a car loan, be denied credit when you need it most, and you may feel unfairly judged by companies due...
August 7, 2020
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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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I’m Filing for Bankruptcy. What Can I Do With My Car(s)?
We like to discuss goals in our free initial consultations. After all, as financial counselors, we can’t effectively assist our clients if we don’t understand their goals. When it comes to a car, we have a few options to consider....
January 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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Summer Overtime Blues
Summer is here, and along with it often comes the opportunity to work overtime for seasonal industries such as construction and landscaping. Working overtime can be great for your family's budget, but like any seemingly good thing, there can be...
July 7, 2017
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