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
What to Expect After Chapter 11 Bankruptcy in Wisconsin
Filing for Chapter 11 bankruptcy can be a more flexible choice for business owners who want to keep their doors open rather than shutting down. Instead of having all of your debt discharged by forfeiting your business’s assets, you and your Wisconsin business bankruptcy attorney effectively negotiate a debt repayment plan with the court. But… Read more
Who Can File for Chapter 11 Bankruptcy in Wisconsin?
Chapter 11 bankruptcy allows qualified businesses and individuals to negotiate repayment plans with their creditors. This form of bankruptcy allows you to keep most of your assets as long as you can make those payments on time and in full. But figuring out if it’s a good option means making sure you understand exactly who… Read more
Downsides to Filing Chapter 11 Bankruptcy in Wisconsin
Filing for Chapter 11 bankruptcy can help businesses keep their doors open while they work on repaying their creditors. This option can be a good choice for business owners who know that the company is profitable, but just got behind on their debt. While Chapter 11 bankruptcy offers several benefits, there are still some downsides… Read more
The Tax Consequences of Chapter 11 Bankruptcy
When you file for Chapter 11 bankruptcy, you’re setting your business up for the possibility of continuing its operations as you repay your creditors and get rid of your debt over time. While most business owners know that loans and lines of credit will need to be repaid, many fail to understand the tax implications… Read more
Preventive Measures to Avoid Chapter 11 Bankruptcy in Wisconsin
No business owner ever wants to hit a rough financial patch, but it happens every day. While many of those rough patches are temporary, some can be too tough for business owners to recover from. That’s where filing Chapter 11 bankruptcy can be a good option, but doing so does mean you could lose your… Read more
When Does Litigation Become Necessary in a Wisconsin Business Bankruptcy?
No business owner wants to file for bankruptcy. You expect your business to be successful in the long term and are willing to do everything you can to keep your doors open and your employees working. But sometimes, circumstances outside of your control can cause your business to struggle more than you ever expected. When… Read more