In recent years, it has become more common for individuals to attempt to hide their money by investing it in digital currencies, such as Bitcoin. Although Wisconsin law forbids a person from concealing assets in a divorce proceeding, it can be difficult to prove that a person is stashing money in a secret crypto wallet.… Continue reading Why spouses use crypto to hide their cash
Farm Bankruptcies in Wisconsin
According to the American Farm Bureau Federation, Wisconsin currently leads the nation in farm bankruptcies. Western Wisconsin has been hit particularly hard, with 39 new Chapter 12 bankruptcies in 2020. Smaller Wisconsin farms have faced the most trouble due to the present competition of concentrated animal feeding operations (CAFOs). This intense competition followed by the onset of… Continue reading Farm Bankruptcies in Wisconsin
Chapter 11 Bankruptcy in Wisconsin
Chapter 11 bankruptcy can grant a business debtor a financial fresh start. It allows a debtor to reorganize their business affairs, while their business remains operating. A plan of reorganization is designed by your lawyers, and confirmed by the Court, to provide for the treatment of different claims and creditors over time, facilitating a restructuring… Continue reading Chapter 11 Bankruptcy in Wisconsin
What to consider when choosing a child’s guardian
Wisconsin law allows you to select a guardian for your minor children as part of your will. Doing so may eliminate the need for a judge to select a guardian on your behalf after you pass. There are multiple questions that you should ask yourself prior to choosing the person who will care for your… Continue reading What to consider when choosing a child’s guardian
Becoming a debtor in possession in a bankruptcy
A Wisconsin company that is struggling financially might opt to file for a Chapter 11 bankruptcy. This allows for debt restructuring so that the business can potentially survive. The company continues to operate and is known as a “debtor in possession.” Debtor in possession The process of going through a Chapter 11 bankruptcy is a… Continue reading Becoming a debtor in possession in a bankruptcy