Increasingly more and more individuals and businesses are acquiring virtual assets and questions arise on how these assets will be treated in the context of a personal or commercial bankruptcy. Virtual assets are property of the bankruptcy estate under 11 U.S. C. § 541. The commencement of a bankruptcy case under section 301, 302, or 303… Continue reading Virtual Assets and 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?
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