Throughout the pandemic, there has been a national ban on evictions. However, the Supreme Court struck down the current version of the ban in a decision last week, which sets the stage for evictions to resume. Hundreds of thousands of tenants owe back rent (rent arrearages) to their landlords, and may be facing eviction soon, with the… Continue reading How Can Bankruptcy Help During Eviction?
Discharging student loans in bankruptcy
When a debtor in Oshkosh, Wisconsin, sees no way out of their debt, they may be able to get relief through bankruptcy. Student loans follow close behind mortgages as the highest consumer debt, and debtors commonly have concerns about discharging this kind of debt. While it isn’t impossible to get student loans dismissed, it can… Continue reading Discharging student loans in bankruptcy
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
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
Understanding Chapter 7 bankruptcy
If you’ve taken on more debt than you can handle and it seems like there’s no end in sight, you may want to consider filing for bankruptcy. In the state of Wisconsin, there are different types of bankruptcy that a person can file for. One of the most commonly filed forms of bankruptcy is Chapter… Continue reading Understanding Chapter 7 bankruptcy
What happens to a business in bankruptcy?
When Wisconsin residents don’t see a way out of debt, they have the option of bankruptcy. Bankruptcy helps them eliminate certain debts through repayment under Chapter 13 or liquidation under Chapter 7. However, the debtor may wonder what may happen to their business after filing. Business under Chapter 7 Debtors commonly file Chapter 7 bankruptcy… Continue reading What happens to a business in bankruptcy?
Cici’s Pizza files for bankruptcy
After decades of operation, Cici’s Pizza has announced that it’s filing for bankruptcy. The pizza buffet chain once had over 300 locations across the United States, including a few in Wisconsin. Unfortunately, these stores haven’t been bringing in the income that the pizza chain needs to survive. Cici’s Pizza locations have been closing across the… Continue reading Cici’s Pizza files for bankruptcy
What to know about debt management plans
If you’re having trouble paying off your debts in Wisconsin, there are a few steps you can take before you resort to filing for bankruptcy. You might be able to get your debts paid off if you work with a credit counseling agency. The agency could offer you a debt management plan that helps you… Continue reading What to know about debt management plans
How a car gets treated during bankruptcy
Consumers may consider bankruptcy in Wisconsin when they have debts that they can no longer manage. However, a debtor may have concerns over losing their vehicle in bankruptcy. It depends on the type of bankruptcy filed and several other factors for the vehicle to be included in the case. Vehicles in Chapter 7 bankruptcy More… Continue reading How a car gets treated during bankruptcy