Category Archives for "Uncategorized"

Mar 31

Great news for struggling businesses

Uncategorized

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 […]

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Mar 24

Single Women and Financial Protection

Uncategorized

Recently 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. […]

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Mar 12

Pi(e) Day and Bankruptcy

Uncategorized

March 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, […]

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Mar 08

COVID Spurs Business Interruption Insurance Claims

Uncategorized

The 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. […]

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Feb 12

Why Did I Create a Corporation (or an LLC)?

Business Debt , Uncategorized

Clients 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 […]

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Feb 09

Settlement Proposals can be Tricky

Uncategorized

A 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 […]

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Jan 12

Rights of Contribution

Uncategorized

When 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 […]

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Dec 11

Bankruptcy Successes

Uncategorized

We 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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