Tag Archives for " bankruptcy "

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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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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Oct 05

Accidents are not intentional.

Uncategorized

They are unintentional mishaps, usually occurring because of negligence. Negligence claims, such as personal injury suits, can be won if the injured party can prove that the driver who cause the accident, called the tortfeasor, had a duty and breached that duty, which caused the accident and resulted in damages. These elements are usually found […]

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Sep 30

Happy Early 15th Birthday, BAPCPA!

Uncategorized

“I thought you had to wait six years between Chapter 7 filings.” “What’s credit counseling? I didn’t have to take that the last time I filed.” “What is the means test?” In the last 15 years, we’ve heard these questions and more, and you can thank Congress for this. They passed a law signed by […]

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Sep 22

Bars and Restaurants Could be Facing Fines…

Chapter 11 Bankruptcy , Chapter 13 Bankruptcy , Financial Problems , General Bankruptcy

What will happen when they file bankruptcy? 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 establishments must now enforce limited capacity orders, mask requirements, and social distancing restrictions.  Many find it is difficult to […]

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