News and Resources
How the Student Loan Repayment Period Affects Dischargeability of the Loan in Bankruptcy
It is very difficult to discharge student loans in bankruptcy. In fact, many of my clients believe it is impossible to discharge student loans. Actually, student loans are sometimes dischargeable in bankruptcy, but requires proof of “undue hardship”. To determine...
Will I Be Liable for the Debts of a Business That I Inherit?
Generally, no. Depending upon how the business is organized, you will likely inherit one of the following: Corporation Stock Limited Liability Company Membership Interest Sole...
How Our Lawyers Are Counselors and Advisors, Not Just Advocates
Attorney David Krekeler describes the firm's values. A new client met with me regarding his home, which was in foreclosure. During our meeting, I did what I always do, describing options which might be available and explaining how each of those options might affect...
Using Lien Stripping in Your Bankruptcy
Question: “My brother filed bankruptcy and was able to get rid of the second mortgage loan on his house. I would like to do the same in my Chapter 7 bankruptcy, but my lawyer says I cannot ‘lien strip’. What is lien stripping and why can’t I do it as well?” Answer:...
How Our Practice Standards Make Us Better
Here at Krekeler Strother S.C., we have established practice standards for much of what we do. We set our standards high, in keeping with our mission to provide unparalleled service to clients. By meeting these standards we are able to assure that every client gets...
Bankruptcy is a Tool, Not a Goal (Part 2)
In Part 2, Attorney David Krekeler describes how the Krekeler Strother, S.C. team can help you choose your tool. Clients sometimes refer to me as a bankruptcy lawyer. I quickly point out that I am not a bankruptcy lawyer. They often look at me quizzically and ask,...
Bankruptcy is a Tool, Not a Goal (Part 1)
Attorney David Krekeler defines the real goal for the legal client. I spend a lot of time meeting clients. The initial conversation almost always begins with a discussion about goals and what the client would like to accomplish. I sometimes refer to this as their...
Timing of Tax Attribute Reductions
A bankruptcy discharge has many effects and timing is important. The most well-known, of course, is that debts are eliminated and the debtor has no further obligation to pay them. A lesser-known consequence of bankruptcy can be its effect upon a debtor’s future...
New Tax Law May Help Distressed Farmers [A State Bar of Wisconsin Re-post]
A recent change in tax law may help more farmers survive tough financial times, although issues still remain. David Krekeler discusses the Additional Supplemental Appropriations for Disaster Relief Requirements Act 2017, and what it means for farmers facing...
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