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 […]
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 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 […]
Read MoreThey 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 […]
Read More“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 […]
Read MoreAn attorney friend called me to ask about a single spouse bankruptcy filing. A single spouse filing is a case in which only one spouse files while the other does not. The couple owned a home and had significant equity in that home, more than the filing debtor could exempt. Wisconsin’s homestead exemption is $75,000 […]
Read MoreChapter 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 […]
Read MoreBlog , Credit & Credit Scores , Creditors & Credit Cards
Many of my clients worry more about their credit scores than they need to. Credit scores can be important, however, and necessary if you want to borrow money to purchase a home or vehicle. There are even dating websites now for people who require a good credit score for their match. For example: http://creditscoredating.com/ or […]
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