Earlier this month, three creditors filed an involuntary bankruptcy petition against the Don Jacobs Mitsubishi car dealership in Milwaukee. The car dealership is currently closed.
The Chapter 7 bankruptcy filing was filed against Don Jacobs Imports, LLC, and claims debts of approximately $47,000. The creditors filed the bankruptcy in an attempt to stop a lawsuit from being filed against the car dealership by Boucher Automotive Group.
Chapter 7 bankruptcy petitions can be a new start for individuals and businesses with the elimination of unsecured debts. In addition, under Chapter 7 bankruptcy, debtors can rebuild their credit.
To learn more about Chapter 7 bankruptcy, contact the Milwaukee Chapter 7 bankruptcy attorneys of DeLadurantey Law Office, LLC at 414-377-0518 today.