Credit card debt may be a serious issue for those in Wisconsin, causing many to seek out bankruptcy protection to relieve themselves of harassing calls from creditors and overwhelming debt loads. Credit card debt is a common occurrence, with millions of Americans...
Month: January 2013
Family farm declares Chapter 7 bankruptcy
No matter how long a business has been around or how innovative its ideas were when it first started out, at some point it could face the possibility of going under. At that point, its assets will likely be sold off or divided among creditors in a Chapter 7 bankruptcy...
Golden Guernsey bankruptcy leaves schools dry
A bankruptcy entered into by a business occurs for the same reasons that an individual would file, for protection from creditors and a reasonable discharging of debts. For those companies who are facing an overwhelming amount of debt, Chapter 7 bankruptcy protection...
Wausau business finds debt relief in closing its doors
Debt can creep up on any business, regardless of how long it has been in operation or how ingrained it is in the community. When that debt becomes overwhelming, the business does have a few debt relief options available. However, one of the most final actions that a...
Bankruptcy court approves paper company’s financial restructuring
Chapter 11 bankruptcy is a type of bankruptcy filed by businesses that need to restructure excessive debt and reorganize their assets. The process generally culminates in a court-approved restructuring, as was the case recently in Wisconsin. NewPage Corporation, the...