Small Business Bankruptcy – Wisconsin

Getting Out of a Financial Quicksand

Are you a small business owner whose debt has gotten out of hand?

Are you fearful of losing your assets?

Are you constantly stressed out because of calls from your creditors?

You are not alone…

In these tough economic times, an increasing number of small business owners in America are having a hard time keeping their heads up in a sea of indebtedness. It happens even to the best of us and that’s the reality. However, the most important thing is how you handle the situation and what you do about it. Shying away from the predicament, or ignoring it, will not solve the problem and in many cases will make it worse.

Small Business Bankruptcy

In technical terms, small business bankruptcy is called Chapter 11. It is also called corporate bankruptcy and is availed by business debtors and also by individuals with significant assets and debts. Chapter 11 allows for the restructuring of finances for businesses allowing companies to function under debt re-payment plans.

The ownership and control of assets is retained by the debtor in Chapter 11. When this happens the debtor is re-termed as debtor in possession (DIP). The creditors and the debtor, in conjunction with the bankruptcy court, work together to formulate a debt repayment plan, while the debtor runs the day to day operations of the business. After the creditors agree to certain requirements such as priority over some creditors over others and fairness among creditors, the creditors vote on the proposed repayment plan. On any disagreements among the creditors, additional requirements are outlined so that the plan is confirmed.

This process can often be tedious and difficult to navigate alone. The Law Offices of Richard A. Check has the experience and skill to represent you so that your assets are protected, your dignity is preserved and you undergo as little hassle as possible.

Wisconsin Bankruptcy Lawyers

The Law Offices of Richard A. Check are here to help you not only face your particular circumstances, but also to find a solution. We have eight locations across Wisconsin and bankruptcy is our specialty. Our attorneys are well-versed in Wisconsin business bankruptcy laws. Indeed, bankruptcy is all that we do. Hence, you’re guaranteed the most updated and comprehensive financial guidance which will relieve your tensions and enable you to hope again about your future. With exclusive experience and expertise, we can assist you or someone you know to start a new beginning.

We are here for you and will support you through your small business bankruptcy. The Law Offices of Richard A. Check has specialized experience with business bankruptcy filings in Wisconsin and can offer you valuable advice regarding your small business bankruptcy. Call us today for a free consultation and discuss a range of options to save your business. Individual cases vary, and we want to make sure yours is resolved in the best possible manner!

Bankruptcy Attorney Milwaukee serving our clients in offices throughout the state of Wisconsin including the cities of Milwaukee, Racine, Manitowoc, Fond Du Lac, West Bend, Waukesha, New Berlin, West Bend, Pewaukee, Brookfield, Racine, Kenosha, Delafield, Menomonee Falls, Grafton, Germantown, Jackson, Racine, West Allis, and Wauwatosa, Oshkosh, Appleton, Neenah, Menasha, Fond Du Lac, Sheboygan, Madison, Green Bay as well as the following counties: Milwaukee County, Waukesha County, Washington County, Dodge County, Sheboygan County, Fond du Lac County, Ozaukee County, Winnebago County, Jefferson County, Brown County, Door County and Dane County.