Automatic Stay Mistakes: What Creditors Should Avoid
When a person or business files for bankruptcy, it triggers an automatic stay, a legal requirement (injunction) that all creditors cease trying to collect overdue sums or to seize property for nonpayment of bills. This legal protection of debtors must be obeyed by creditors or they could face penalties. If you are a creditor, knowing… Read more
Trade Secret Theft: Protecting Your Wisconsin Business in Litigation
A trade secret can be a variety of things: an internal strategy, secret formula, customer list, or software application; anything that makes your business unique or gives you an edge over the competition. It’s important to safeguard your business’s trade secrets properly because theft can deal a serious blow to your bottom line. An experienced… Read more
Partnership Breakups: Legal Options Beyond Dissolution
If you’ve spent years building a successful enterprise only to find that the partnership is no longer optimal, it can be a relief to learn that dissolving your company is not your only option. In fact, there are ways to continue operating and preserving value while renegotiating the venture. A qualified business attorney can advise… Read more
Selling Business Assets Through a 363 Sale: What Owners Should Know
A liquidation of some or all of a business’s assets during a Chapter 11 bankruptcy is frequently called a “363 sale,” a reference to Section 363 of U.S. Bankruptcy Code. These sales are often completed quickly to comply with bankruptcy requirements and are designed to benefit the business by preserving value, satisfying secured lenders, or… Read more
How Wisconsin Courts Handle Business Fraud Claims
Allegations of business fraud can be financially damaging and emotionally draining. Defending against them is time consuming and stressful, not to mention the damage to a company’s reputation and relationships with partners, investors, and customers. An experienced business litigation attorney is critical to mounting a vigorous, comprehensive defense. When your livelihood and all you’ve worked… Read more
Common Contract Clauses that Lead to Disputes in Wisconsin
Contracts are legally-binding agreements that can be implied through conduct, oral, and written. They are essential tools for doing business yet reverting to boilerplate language and even negotiated clauses can spark expensive and contentious disputes. When it counts, having an experienced attorney write and/or review contracts is a prudent step. Business attorneys are familiar with… Read more
Business Litigation in Federal vs. Wisconsin Courts: What Milwaukee Businesses Need to Know
Lawsuits are serious matters. They’re costly, time-consuming, and stressful to litigate in any court. In particular, businesses must carefully weigh the pros and cons of prosecuting or defending a situation due to the impact it can have on client and investor relations. A law firm with knowledge of business litigation in both state and federal… Read more
Avoiding Common Pitfalls in Business Bankruptcy Filings
There are always risks to business ownership such as global economic factors that are impossible to control. That has resulted in business bankruptcies trending upward, with a 13 percent increase in filings over last year. The decision to seek bankruptcy protection is not taken lightly. Bankruptcy has long-term implications for your finances and your reputation,… Read more
What Happens After Chapter 11 Bankruptcy is Over in Wisconsin?
Successfully completing Chapter 11 bankruptcy should be celebrated. It’s the end of an exceptionally tough period for a business owner – tough but reaffirming. It takes strength and a clear vision of your future to make it through the process. Having trusted partners beside you during and after your bankruptcy is key. These are people… Read more