Wyoming Bankruptcy Lawyer

How to Protect Your Mineral Rights in Bankruptcy

How to Protect Your Mineral Rights in Bankruptcy

“During bankruptcy proceedings, the fate of lease agreements can be uncertain. In Chapter 7 bankruptcy, the oil and gas leases held by the debtor may be sold to another operator, potentially affecting the terms and conditions of the original lease. In Chapter 13 bankruptcy, the operator may propose a reorganization plan that could modify lease terms. As a mineral rights owner, it is essential to stay informed about any proposed changes to your lease and consult with legal professionals to protect your interests.”

What You Need to File Chapter 13 in Wyoming?

What You Need to File Chapter 13 in Wyoming?

“To file for Chapter 13 bankruptcy in Wyoming, you will need to take the following steps:

  1. Complete Credit Counseling: Before filing for bankruptcy, you will need to complete a credit counseling course from an approved provider. This course will help you understand your financial situation and explore alternatives to bankruptcy.”