News and Resources
Did you know… We have offices throughout the state. Meet Christine Wolk, who works out of our Oshkosh office.
Attorney Christine Wolk joined our firm recently, bringing over twenty-five years of experience in bankruptcy law. Chris has been acknowledged as a leader by her peers. A past chair of the Bankruptcy, Insolvency and Creditor Rights (BICR) Section of the State Bar of...
Sub V Works!
Congress does not get very much right, but its enactment of the Small Business Reorganization Act (SBRA) is one success it can take credit for. We have written before about how and why we perceive Subchapter V of Chapter 11 to be a boon for business. See our January...
What Will Happen to My Real Estate Taxes if I File Bankruptcy?
If you want to keep the property, you will ultimately have to pay the real estate taxes. Unpaid real estate taxes in Wisconsin become a first and paramount lien upon the property of which those taxes are assessed. If not paid, the County will ultimately take the...
Chapter 13 is Not Usually the First Choice
Chapter 13 is not usually the first choice for those who need to file bankruptcy. Chapter 7 is, and as a result the most popular form of bankruptcy. Chapter 7 is the fastest, easiest, and least expensive form of bankruptcy. Chapter 13 if often used by people who for...
Big Changes May be Coming for Those with Student Loan Debt
The American Bankruptcy Institute has encouraged Congress to reform the way student loans are dealt with in bankruptcy. Since the Bankruptcy Code was enacted in 1978, several amendments have made it more and more difficult to discharge student loans. Now our country...
Credit Cards After Bankruptcy
Many of my clients ask me if they will be able to have credit cards following a bankruptcy. My answer is always “yes." This week several of our clients who had filed bankruptcy received pre-qualification offers for a Capital One credit card account. The account would...
Should I Co-Sign a Loan for My Child?
Generally, no. You have gotten your own financial house in order, and should not risk that stability by placing it in the hands of another. When you co-sign or guarantee the debt of someone else, you are subjecting yourself to the risk that they cannot or will not pay...
Do I Want the Value of My Home to Be Low?
This is a question we often get from clients. We explain to them that bankruptcy is an intensive information gathering exercise and that it is really all about disclosure on their parts. Bankruptcy provides a fresh start, but to get that fresh start the debtor must...
Great news for struggling businesses
The COVID-19 Bankruptcy Relief Extension Act of 2021 was signed this week. This law extends the $7,500,000 debt cap for businesses under the Small Business Reorganization Act of 2019 (SBRA). The extension will last for one additional year, to March 27, 2022. The Act...
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