The financial problems facing farmers have an effect on their mental health as well as their bottom lines. Wisconsin led the nation in farm bankruptcies in 2020 and 2021. https://www.jsonline.com/story/news/solutions/2022/02/15/wisconsin-farmers-find-ways-navigate-mental-health-crises/6775077001/
Dealing with debt is stressful. Follow the link below for stress-reduction tips and seek the advice of our experienced bankruptcy attorneys to learn more about your debt-relief options. https://www.nbcnews.com/better/lifestyle/7-tips-deal-debt-stress-ncna1094076
Chapter 128 is a law that allows Wisconsin residents to consolidate their monthly unsecured debts into one payment. For example, their medical bill, utility bill, and credit card bill would all be in the same monthly payment. Click the link below to learn more about Chapter 128. https://docs.legis.wisconsin.gov/statutes/statutes/128/21
You do not have to look too deep into the headlines to see that times are tough for many individuals, families and businesses. Individuals and families are declaring bankruptcy, Wisconsin is leading the nation in farm bankruptcies, and renters face eviction as the moratorium comes to a close. It is easy to lose sight of what this… Continue reading Times Are Hard For Creditors Too
Business bankruptcies have been on the rise during the pandemic – even in places like Miami-Dade County in Florida where there were little to no restrictions on economic activity. If your business is struggling to stay in the black you are far from alone. If you are considering filing for bankruptcy or pursuing a loan restructuring to… Continue reading Should I Try Debt Relief Alternatives Before Filing For Bankruptcy?
Wisconsin has a long and rich tradition as an agricultural state. But, farming has proven to be a cyclical way to make a living, and there is no doubt that farmers today are experiencing a tough part of that cycle in Wisconsin. Experts point to a number of factors driving Wisconsin farm bankruptcies, including “overproduction,… Continue reading The Three Seasons of Farming: Planting, Harvesting and Bankruptcy?
“We just need one good quarter, and we’ll be able to get caught up and turn things around.” “I just need one month without an unforeseen expense, and I’ll be able to get caught up on that bill.” No one wants to file for bankruptcy. No one wants to be struggling with debt in the… Continue reading Are You Ready to Stop Running in Place?
Attorney Virginia E. George was recently a panelist at “Behind the Scenes: Evaluating Out-of-Court Workouts, Bankruptcy and Chapter 128 Receiverships”. She engaged in a thoughtful and informative discussion with fellow panelists Katie Mason (Quarles & Brady LLP) and Chief Judge Catherine J. Furay (United States Bankruptcy Court, Western District of Wisconsin).
This will depend on the unique circumstances of your businesses’ finances as well as your own personal goals as a business owner. Most businesses enter Chapter 11 bankruptcy with an eye to rehabilitating their finances by restructuring debts and assets. In many cases, businesses emerge in a stronger financial condition than before declaring bankruptcy. You… Continue reading What will happen to my business if it enters bankruptcy?
Keeping track of spending habits and taking steps to control your finances could make a difference in how you cope with emergencies such as income reduction. When unforeseen and overwhelming circumstances arise, you might also consider obtaining relief through a Chapter 13 bankruptcy. If you reside in Wisconsin, you’re probably spending more on bills than… Continue reading Personal Finance Management and Chapter 13 Bankruptcy