Can You Sell a Business That’s in Bankruptcy in Wisconsin?
Filing for bankruptcy as a business owner can be difficult, especially if you’re not sure if you want to keep your business for several more years. For many business owners, the question of whether they can sell their business even though they’re working through a bankruptcy debt repayment plan is likely to come up. Selling… Read more
Debt Settlement vs. Bankruptcy: Which Is the Better Option for Wisconsin Businesses?
If your business is struggling to repay its debts, filing for bankruptcy isn’t your only option. Depending on your financial situation, pursuing debt settlement can be a better choice. However, figuring out which option is right for your business’s needs can feel like a bit of a mystery. While it’s always a good idea to… Read more
Does Chapter 11 Wipe Out All Debt in Wisconsin?
As a business owner, you want to keep your doors open for as long as possible. After all, you worked hard to bring your vision to life and just because you’ve taken on more debt than you can manage doesn’t mean your business deserves to close its doors. Filing for Chapter 11 bankruptcy with help… Read more
What Disqualifies You From Filing for Bankruptcy in Wisconsin?
If your business is struggling to keep up with debt payments, filing for bankruptcy could help you regain control over your finances. But to file for bankruptcy, you must be eligible to file in the first place. Chapter 7, Chapter 11, and Chapter 13 bankruptcies are fairly easy for most business owners to qualify for,… Read more
Is There a Debt Limit for Chapter 11 Bankruptcy?
For businesses who are struggling with their total debt levels but that are still earning enough money to keep the doors open, filing for Chapter 11 bankruptcy could be a good choice. This form of bankruptcy lets you enter into a repayment plan with your creditors to help you repay what you owe without having… Read more
What Is the Income Limit for Filing for Chapter 11 Bankruptcy in Wisconsin?
Filing for Chapter 11 with help from a Wisconsin business bankruptcy attorney can be a good choice for business owners who find themselves in tight financial situations. It’s especially beneficial if you want to keep your doors open and try to get out of debt over time. If you’ve been exploring your options, you’ve likely… Read more
Understanding the Automatic Stay in Wisconsin Business Bankruptcy
Making the decision to file for bankruptcy can be a difficult one for business owners. However, if you’re being harassed by creditors and aren’t confident in your ability to repay your creditors, doing so can be a good choice. When you file for bankruptcy, you’ll trigger what’s known as an automatic stay which can give… Read more
Developing a Successful Chapter 11 Reorganization Plan in Wisconsin
Contrary to popular belief, filing for bankruptcy doesn’t inherently mean losing your business. By choosing to file for Chapter 11 with help from your Wisconsin business bankruptcy lawyer, you can reorganize your business and pay off your debts over time while keeping the doors open and your team working. But to be successful, you’ll need… Read more
What Debts Are Not Dischargeable in Chapter 11 in Wisconsin?
When you’re struggling to pay your bills, filing for bankruptcy can be a good choice. And for business owners who are looking to keep their doors open while still getting help with their total debt, filing for Chapter 11 bankruptcy may help. This form of bankruptcy helps you enter into a repayment plan with your… Read more