Mar 17

Utility Moratorium

Blog , Chapter 128 , General Bankruptcy

  April 15th is an important time of year.  Income taxes are due by April 15th.  Leonardo Da Vinci was born on April 15th.  But the reason we want to bring this to your attention is because April 15th was the last date of the energy shutoff moratorium in Wisconsin. As long as you have […]

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Mar 17

What Do I Do If My Business Has Financial Problems

FAQ

One of the least asked questions startup entrepreneurs ask themselves is, “What will I do if the business has financial problems?”  There are lots of seminars and courses that talk about business plans, marketing, operations, and accounts receivable management, but rarely do these seminars or courses address how the entrepreneur should deal with financial difficulties.  […]

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Mar 17

Pros and Cons of a 30 Year Mortgage

Blog

The pros and cons of a 30-year mortgage loan is a discussion I often have with my clients.  They are often shocked by the amount of interest they will pay over a span of 30 years.  My suggestion, though, is to get the longest possible amortization. The longer the amortization, the lower the required payment.  […]

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Dec 22

Should I file BK If My Credit Card Company Fell Off the Map?

FAQ

I have not heard from the credit card company I owe for a long time.  Should I still file bankruptcy?   Probably not, although you should make sure that you could file a bankruptcy promptly if the need arises.  I spoke with a client earlier this week whose only significant debt is a single credit […]

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Dec 08

Holiday Spending and the Not So Friendly Math

Blog , Debt Collection

A 2014 report on holiday shopping plans and finances found that about 55% of the respondents reported that money was their main source of stress during the holiday season.  Despite this, more than half of those people planned to use their credit cards for holiday shopping, and they plan to spend about as much money […]

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Oct 10

GUEST BLOG: Christopher Columbus, a Risky Venture (by: Gary Krekeler)

Blog

Why did Christopher Columbus need financing from a government?  Simple, his plan was risky, too risky for any private individual that had the needed capitol.  He would also need the power that a government could supply to maintain control of lands and goods that he discovered. Christopher Columbus actually began looking for financing long before […]

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Aug 30

Can I Take Out Debt Before Filing Bankruptcy?

FAQ , General Bankruptcy

I attend a lot of seminars and educational programs dealing with bankruptcy and related issues.  Usually the information is valuable to my practice and to my clients, but I recently attended a seminar where an attorney stated to the audience that we should never advise our clients to incur debts while we are planning on […]

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