Sep 21, 2018 | Blog, Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Employment in Bankruptcy, General Bankruptcy
No. We want our clients to be able to earn as much as possible and part of our job is to make sure any income you have is protected. The amount of income can affect your case, depending on the chapter you are filing under and the amount you are earning. In Chapter 7...
Aug 27, 2018 | Blog, Foreclosure, General Bankruptcy
Attorney David Krekeler reflects on meeting legal deadlines in your strategy. Last month, a client brought me a foreclosure complaint to review. Unfortunately, the time within which to respond to the complaint had long since passed. In fact, the judgment had already...
Aug 10, 2018 | Blog, Chapter 7 Bankruptcy, Client Service, General Bankruptcy
One of the purposes of bankruptcy is to provide creditors with distributions (made up of the debtor’s assets or income). Creditors must file proofs of claim to receive their share of the distributions. Surprisingly, many creditors do not file proofs of claim, thereby...
Aug 1, 2018 | Blog, Chapter 11 Bankruptcy, General Bankruptcy
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...
Jul 19, 2018 | Blog, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General 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:...
Aug 21, 2017 | Blog, Chapter 11 Bankruptcy, Chapter 7 Bankruptcy, Foreclosure, General Bankruptcy
My land contract was foreclosed and the redemption period has ended. Can I still save my property? Land contracts are widely used in Wisconsin and provide the seller (usually called the “Vendor”) with various remedies if the Buyer (usually called the “Vendee”)...
