Recent News

For bankruptcy lawyers, recession good for business

Filings up 31 percent over a year ago

With the economy’s steep slide over the past 18 months, bankruptcy law attorneys are in high demand.

Milwaukee-based attorney Richard Check specializes in bankruptcy and debt relief issues for individuals and small businesses. An Indiana native who was admitted to the Indiana and Wisconsin bars in 1988, Check opened his practice in Milwaukee in 1998 on the corner of Water and Michigan streets.

Now with seven locations, Check moved to his main office, 757 N. Broadway, in 2006. He has opened three new offices – in Sheboygan, Oshkosh and West Bend – in less than two years. After starting the firm on his own, Check now has four other attorneys working with him, a full-time support staff of five and two part-time employees.

Check said he has grown his business primarily through referrals from other attorneys and word-of-mouth recommendations from previous clients.

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More developers filing for personal bankruptcy

Add would-be downtown Milwaukee office tower developer John Kuhn to a growing list of southeast Wisconsin real estate developers who have filed for personal bankruptcy.

The ongoing flood of commercial real estate mortgage foreclosures is taking its toll on the personal finances of Milwaukee area real estate developers. Developers typically provide personal guarantees on their commercial mortgages, which means banks eventually pursue the developers personally for judgment, attorneys said.

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