Aug 2, 2021 | Family issues, FAQ, Financial Problems, Student Loans
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...
Feb 18, 2021 | Financial Problems, PPP Loans
Last year I predicted that the Department of Justice (DOJ) would be busy prosecuting fraud under the Paycheck Protection Program (PPP). A few weeks ago, the DOJ announced its first civil settlement of such fraud claims.The stipulation for settlement sets forth the...
Sep 22, 2020 | Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Financial Problems, General Bankruptcy
What will happen when they file bankruptcy? Photo credit: Tim Mossholder Dane County is warning bars and restaurants that it will soon be imposing fines for violations of its various health code orders imposed in connection with COVID-19. Already struggling...
Apr 28, 2020 | Blog, Financial Problems
Many lawyers are worried about the future. They are worried about their practices, which are their businesses, and whether they can survive the current pandemic. Others are confident that they can keep their practices intact, or at least continue at a...
Apr 24, 2017 | Blog, Chapter 7 Bankruptcy, Debt Collection, Financial Problems
The Unexpected Bankruptcy and What to Do About It The morning mail arrives, and with it is a notice of a bankruptcy filing by a customer you have not heard from in years. The customer owes you money, and the statute of limitations has long since run so you can no...
Mar 17, 2017 | Blog, Business Debt, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Declaring Bankruptcy, Financial Problems, General Bankruptcy
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...
