Steinhilber Swanson LLP Blog

What is Chapter 128 in Wisconsin?

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

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Should I Try Debt Relief Alternatives Before Filing For Bankruptcy?

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?

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The Three Seasons of Farming: Planting, Harvesting and 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?

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Virginia George Joins Colleagues for TMA Panel Discussion 

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). 

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What will happen to my business if it enters bankruptcy?

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?

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Personal Finance Management and Chapter 13 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

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Bankruptcy Can Be a Helpful Tool for Individuals

You’ve tried your best to get your finances under control and pay off debts, but financial and mental relief still elude you. There are many benefits of filing for Chapter 7 or Chapter 13 bankruptcy. Once you understand more about your options, it becomes clear how bankruptcy can benefit those in your situation. Chapter 7… Continue reading Bankruptcy Can Be a Helpful Tool for Individuals

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Chapter 11 is Not the Only Answer

Chapter 11 bankruptcy springs to mind when thinking about remedies to resolve the financial issues of a struggling business, but it is not the only option available. It is important that businesses consider all of the options available for finding a path out of financial difficulties. The experienced Wisconsin debt-relief attorneys of Steinhilber Swanson LLP can help… Continue reading Chapter 11 is Not the Only Answer

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