Posted on August 31st, 2009
The State of Wisconsin has received an AA- rating from Fitch Ratings for its $53,445,000 general obligation bonds. The bonds are scheduled to be sold this week.
The relatively favorable rating was due to the state’s strong revenue, diverse economy, and above-average manufacturing sector. The rating was not higher because of the state’s reliance on nonrecurring items and other revenue streams that are not part of normal operations.
The state decided to issue the bonds because the lower-than-usual revenues brought in by taxes. The lower revenues, however, were not surprising given the status of the overall economy.
If your business believes its debt securities have been rated unfairly, contact the Milwaukee debt restructuring lawyers of the De Ladurantey Law Office, LLC, at 414-377-0518.
Posted on August 31st, 2009
A number of lenders are lining up to attempt to receive compensation in Reader’s Digest Association Inc.’s Chapter 11 bankruptcy case. Among those, Quad/Graphics Inc. is owed about $3 million, which makes the Wisconsin firm the 5th-largest claimant.
The bankruptcy case is expected to erase almost $1.6 billion in secured debt for the long-lasting magazine company. To repay its obligations, Reader’s Digest has structured a plan to give them an ownership stake in the company.
If your company is considering filing for Chapter 11, contact the Milwaukee bankruptcy lawyers of the DeLaderantey Law Office, LLC, at 414-337-0518.
Posted on August 24th, 2009
Wisconsin small businesses are taking advantage of the America Recovery Capital Program, a federal program designed to support struggling small businesses.
In the program’s first two months, Wisconsin ranked second in the nation in acquiring the program’s no-interest loans of up to $35,000. Wisconsin small businesses received 154 loans, trailing only Minnesota small businesses with 181 loans.
If your small business is in financial trouble, contact the Milwaukee debt renegotiation lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on August 24th, 2009
The Marcus Corporation filed with the Securities and Exchange Commission to sell an undisclosed amount of debt or stock in the future. The filing is meant to facilitate Marcus’s ability to generate capital for future business growth, according to a Marcus spokesperson.
Marcus is a Milwaukee-based operator of hotels and theaters. Its holdings include 663 screens at 53 locations in Wisconsin, Illinois, Iowa, Minnesota, North Dakota and Ohio.
If your company is considering debt renegotiation, contact the Milwaukee debt renegotiation lawyers of DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on August 19th, 2009
Foreclosure filings in Wisconsin hit a new July record with 3,817 property owners filing for foreclosure, according to a report released by RealtyTrac, Inc. That translated into one in every 671 Wisconsin homes filing for foreclosure.
The filings increased 87 percent over July in 2008. That figure compares to an 8 percent increase over June foreclosures.
Across the nation, more than 360,000 homes filed for foreclosure, marking a 32.2 percent jump over that figure in July 2008.
If you or anyone you know is considering a foreclosure filing, contact the Wisconsin foreclosure lawyers of DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on August 18th, 2009
Many people have different sources of debt, including credit card debt and debt from other loans. When that debt builds up, one option is to turn to a debt consolidation plan.
Under debt consolidation, a person can acquire a loan that will pay off all that person’s debt and consolidate multiple bills into one payment. One risk of debt consolidation, however, is building back up the debt on a separate credit card.
Another option is to turn to a debt consolidation company that will negotiate with creditors and come up with a sensible and timely plan for debt repayment.
If you or anyone you know is having problems with debt, contact the Milwaukee debt negotiation lawyers of DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on August 12th, 2009
As credit card rates continue to climb, more people are unable to pay off their creditor card debts. If your spouse is in such a bind but you are debt-free, then there is chance you are still obligated to pay off your spouse’s debts.
Even if you and your spouse are not joint cardholders on the debt, debt collectors could still force you to use your assets to pay off the debt. In such circumstances, debt collectors typically take the debt case to court, where a judge may order the debtor to use his or her assets to pay off the debt.
These assets could include assets owned by both spouses, meaning you will be partially responsible for paying off your spouse’s debt.
If you or your spouse is struggling with debt, contact the Milwaukee debt negotiation lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on August 12th, 2009
The state government is making cuts in college financial aid programs, which will likely lead to more debt for students attending state schools. Among the cuts, financial award sizes are being reduced, some grants are being eliminated, and student eligibility is being tightened.
The cuts probably could not have happened at a worst time. Because of the poor economy, more students are seeking aid as their parents have lost jobs or seen a drop in their savings.
Without the financial aid, future and current students may be forced to forgo college, transfer to cheaper schools, take out more student loans, or cut back on other expenses like rent and groceries.
If you or anyone you know is having student debt problems, contact the Milwaukee debt negotiation lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on August 4th, 2009
For many people with low credit ratings, they have few options when they need to get a loan. Some go to payday loan stores, but these loans often come with high interest rates.
People struggling with debt are forced to go to payday loan stores because other financial institutions will not lend to them. But if they cannot repay the loan or interest, they are forced to roll over the loan, which forces them to pay more interest. These rollovers can lead to interest rates that are higher than 100 percent.
If you or anyone you know is struggling to repay debt, contact the Milwaukee debt negotiation lawyers of the DeLadurantey Law Office, LLC at 414-377-0518.
Posted on August 4th, 2009
As more Wisconsin homeowners struggle to pay off their mortgages, foreclosure filings in Wisconsin set a one-month record. In July, there were 2,729 filings, a 52% increase from July 2008, according to ForeclosureAlarm.com
The previous record high of 2,706 occurred last November. Economists cite rising unemployment as the main driver of increased foreclosures. Although the state employment rate figures for July have not been released, the unemployment rate was 9.2%.
If you or anyone you know is seeking foreclosure defense, contact the Milwaukee foreclosure lawyers of DeLadurantey Law Office, LLC at 414-377-0518.
