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 is less than one page long, but is of great importance […]
Read MoreRecently I was asked to give advice about how single women can protect themselves from financial downturns and unexpected problems. These problems might arise from an illness or injury, from a loss of a job or income, from being sued and having a judgment placed, or even from having an auto accident without sufficient insurance. […]
Read MoreMarch 14, coined “Pi Day” since physicist Larry Shaw started the day back in 1988 to celebrate the famous number (and recognized officially since 2009 when the US House of Representatives passed a resolution honoring the day), is often celebrated in the U.S. not by giving a moment of respect to the wonders of mathematics, […]
Read MoreThe pandemic and its related shutdown orders have cost businesses trillions of dollars. They have also sent business owners scurrying to review their insurance policies. Many are not making business interruption insurance claims. Business interruption coverage occurs when there is an insured peril. Your regular casualty coverage rebuilds and replaces physical items damaged or lost. […]
Read MoreClients often ask me this question. They were instructed to operate their business as either a corporation or a limited liability company (LLC), and were led to believe that they would not have liability for the debts which the entity might incur. This general statement about limited liability is true, but often no one explains the […]
Read MoreA Plaintiff sued a collector under the Fair Debt Collection Practices Act for sending him a letter in an effort to collect a debt he claimed he did not owe. The envelope containing the letter revealed a bar code which contained some of the Plaintiff’s personal information. He sued, arguing that the mailing violated the […]
Read MoreWhen multiple parties enter into contracts, or are involved in any sort of accident, people are often quick to assert blame against the others involved. If several roommates on a lease vacate early or owe the landlord damages, they often point fingers at each other and want to pay no more than they must. But what […]
Read MoreThe interest rate on civil judgments in Wisconsin is set at 1% plus the prime rate in effect. The rate is subject to change every six months. The following chart shows a five-year history of these changing rates: Rate in effect July 1 – December 31, 2016 4.50% Rate in effect January 1 – June 30, […]
Read MoreQuestion: I know that in Wisconsin creditors cannot take my home away from me so long as I am living in it. I have had to leave my home for medical reasons. Do I now lose it? Answer: Probably not. It is not true, however, that you are entitled to keep your home just because you are living […]
Read MoreWe were opposed to government bailouts during the great recession. Bankruptcy works, and we believe the system would have taken care of itself. Our beliefs are bolstered by recent bankruptcy news, in which three well-known debtors have emerged from bankruptcy to hopefully resume profitable operations. California Pizza Kitchen, which has a location in Milwaukee’s Bayshore […]
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