A Wisconsin auto dealer filed for Chapter 7 bankruptcy last month. According to court reports, the man owed more than $80 million and had assets of less than $8 million.
Many of the liabilities were obligations to creditors. The auto dealer apparently will sell off certain assets to help pay off his outstanding debt.
If you or anyone you know has considering filing for bankruptcy, contact the Milwaukee Chapter 7 attorneys of the DeLadurantey Law Office, LLC, at 414-377-0518.