We file a lot of Chapter 13 cases. One of the basic elements or requirements of Chapter 13 is that debtors must have regular income that enables them to pay debts and living expenses. In fact, the heading to the Chapter is titled “Adjustment of Debts of an Individual with Regular Income.” Not long ago the 7th […]
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 MoreThis past weekend, I went with my family, including my granddaughters, to a Wisconsin apple farm. The farm sold apples and pumpkins, raspberries and honey, donuts and cider and lots more. This farm had transitioned away from growing corn and beans to having become a diversified mix of profit centers. We spent several hours there […]
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 […]
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