Earlier this month, Wisconsin Food Gift Co.’s Wisconsin Cheeseman was bought by Colony Brands with the approval of The Dane County Circuit Court for $550,000.
Wisconsin Food Gift Co. filed for Chapter 128 debt relief after it began incurring debt and seeing lower sales. According to the company’s paperwork, it owed $27,000 to Uline Shipping Supplies, $37,000 to Dynamic Print Group, and $110,000 to Jim’s Cheese Pantry.
According to chapter 128 debt relief laws, individuals and businesses filing for debt relief have 3 years to pay off creditors. Filing for debt relief can be a good option for creating a plan to pay off debts without filing for bankruptcy.
If you have questions about filing for chapter 128 debt relief in Wisconsin, contact the Milwaukee chapter 128 debt relief lawyers of DeLadurantey Law Office, LLC at 414-377-0518 to learn more about how we can help you.