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
Common Disputes in Wisconsin Business Bankruptcy Proceedings
When you’re struggling with high levels of debt and don’t see a clear way out for your business, filing for bankruptcy with help from a Wisconsin business bankruptcy attorney can be a good option. Business bankruptcy is a way to give your company a fresh start and, ideally, keep your doors open while letting you… Read more
Wisconsin Business Bankruptcy FAQs
Filing for business bankruptcy can help you get back on your feet if you’re unable to pay your bills or repay your debts. The process will vary from business to business and depends on the type of bankruptcy that you file. But no matter what type of bankruptcy you’re considering, it’s normal for the process… Read more
Protecting Your Business Assets During Bankruptcy in Wisconsin
Filing for bankruptcy is something no business owner ever wants to do. It’s time-consuming, stressful, and can derail your business’s future. During bankruptcy, your creditors will do everything they can to get the money you owe them. This includes going after your business’s assets whenever possible. While you may not be able to protect all… Read more
Tax Implications of Business Bankruptcy in Wisconsin
When you file for business bankruptcy, you’re able to discharge many if not all of your business debts. But filing for bankruptcy can also have an impact on your taxes and your tax liability. Here’s what your Wisconsin business bankruptcy attorney wants you to understand about the tax implications of filing for bankruptcy. Businesses Are… Read more