How to Avoid Bankruptcy: Practical Steps for Troubled Businesses
Business bankruptcy filings are trending upward. U.S. Bankruptcy Court statistics show a 5.6 percent increase year-over-year, driven by higher interest rates, inflation, and debt taken on during the pandemic. Financial struggles can distract from day-to-day operations and mean missed growth opportunities. An experienced business attorney can help develop a strategy to avoid bankruptcy, including by… Read more
What is Business Litigation and Why Might Your Milwaukee Company Need It?
Litigation is an increasingly common risk for businesses of every size in Milwaukee. Thousands of civil and small claims cases are filed in the state each year, many concerning contracts and other commercial issues. If your business doesn’t have a strategy for handling business litigation, you could be putting everything at risk. An attorney experienced… Read more
How to Protect Your Business When a Customer Files for Bankruptcy
Milwaukee area businesses need to know how to protect their revenue, cash flow, and legal rights when a customer files for bankruptcy. This action can be disruptive if the client involved is a longstanding partner upon whom your business relies. An experienced business attorney can help you understand your rights and proactive steps you may… Read more
Data Breach Lawsuits: Cybersecurity Liability for Businesses
The digital economy requires that businesses have an online presence, whether they are a small retailer or a professional service firm. But interacting as a business online means collecting, storing, and transmitting customer information, exposing the business to major risks from data breaches and lawsuits. Having a trusted IT professional build your business’s online system… Read more
Subchapter V Bankruptcy: A Faster Option for Small Businesses
Small business owners in financial trouble have more options than Chapter 11 bankruptcy, especially in Wisconsin. Subchapter V bankruptcy is a more affordable option that, like Chapter 11, offers reorganization and restructuring so the best parts of your company can continue to operate. Consulting an experienced business bankruptcy attorney about your options may preserve jobs… Read more
Insurance Coverage Disputes: When Your Carrier Denies a Claim
Having insurance provides a sense of security. If something happens to your health, your home, auto, or business, your insurance provider is expected to cover your losses. Yet insurance claims are often denied, creating confusion, frustration, and unexpected costs. In extreme situations, a denial from an insurance company may require legal advice and intervention. For… Read more
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