In addition to our founding attorney, David Prelle Eron, Prelle Eron & Bailey, P.A. is comprised of highly experienced attorneys with almost 50 years of combined experience.
Bankruptcy
Avvo® 10 out of 10 Attorney Rating along with 5-Star Client Review on avvo.com
Wichita’s only Business Bankruptcy Specialist certified by the American Board of Certification
Your Kansas Bankruptcy Attorneys for Debt Relief
If debt has become too much for you or your business to handle, filing bankruptcy might be the best way to discard the debt or make a formal plan to repay the debt. Prelle Eron & Bailey, P.A. in Wichita, Kansas, specializes in bankruptcy for both individuals and businesses. Our Kansas bankruptcy attorneys represent debtors and creditors in a wide range of areas.
Call Our Bankruptcy Team for an Immediate Consultation: (316) 262-5500
Do You Have Personal Debt?
How Prelle Eron & Bailey, P.A. Can HelpWhether you need to eliminate personal debt or get help catching up on debt, the Kansas bankruptcy attorneys at Prelle Eron & Bailey, P.A. can help you determine what type of bankruptcy is the best solution for your individual needs, as well as the next steps toward debt relief.
Do You Have Business Debt?
How Prelle Eron & Bailey, P.A. Can HelpIf your business has struggled to pay creditors, you may be facing lawsuits, foreclosure, repossession, and terminations by service providers. Prelle Eron & Bailey, P.A. can help you complete a business bankruptcy filing, which under the right circumstances and if filed quickly enough, can correct negative consequences.
In 2020, the new Subchapter V Small Business Chapter 11 provisions became effective as part of the SBRA. Among the most significant differences for Subchapter V cases is the inapplicability of the “Absolute Priority Rule.” Generally speaking, this allows business owners to keep their businesses and reorganize their affairs without needing the consent of their creditors. As part of the CARES Act, the debt limits for this new subchapter have been increased from $2.7 million to $7.5 million, but only through June 21, 2024. If your business is in need of debt modification, there has never been a better time to get the help you need. Our attorneys have substantial experience in Chapter 11 and are ready to help!
Are You A Creditor?
How Prelle Eron & Bailey, P.A. Can HelpIf you are a creditor or party to a contract with an individual in bankruptcy, your legal rights will be immediately affected. The automatic stay will prevent you from engaging in efforts to collect against the debtor or their property, and your claim may be discharged. You should discuss with competent counsel how best to protect your legal rights immediately.
The Kansas bankruptcy attorneys at Prelle Eron & Bailey, P.A. have represented creditors, Chapter 7 Bankruptcy trustees, and the United States Trustee’s Office in hundreds of bankruptcy cases. This includes filing proofs of claim, seeking relief from the automatic stay, pursuing objections to discharge or dischargeability of claims, objecting to Chapter 11 and 13 Bankruptcy plans, and seeking adequate protection payments for secured creditors. We can help protect your rights!