Wichita Developer Declares Chapter 7 Bankruptcy

Wichita, Kansas developer and builder Tim Malone has declared Chapter 7 liquidation bankruptcy. He has cited liabilities of $7.5 million and assets of $1.2 million. Malone ran into a cash problem when he heavily invested in land in what turned out to be a housing bust. Lenders and suppliers have filed more than 100 lawsuits and liens against him.

It's never easy to file for bankruptcy, but it doesn't have to be the end for anyone because you do have options that can help you through this financial strain. Bankruptcy is a complicated process that needs to be handled carefully so that you can resolve this matter quickly and begin to move forward with your lie again. You should not feel bad about filing for bankruptcy, but you should go about it in the right way so that you settle this matter.

With the help of a bankruptcy lawyer, you will be able to choose the method of filing that works best for your situation. A bankruptcy attorney will know the steps you need to take and how to protect your rights through this difficult process. Contact a bankruptcy lawyer today to begin discussing the details of your case and moving forward with your life as quickly as possible with the best possible outcome as the result.