VitalMedix Inc. of Hudson filed for Chapter 7 bankruptcy this week. The Wisconsin biotech company moved from Minnesota last fall.
However, the company was unable to fix its debt problems and was forced to file for Chapter 7 in a Minnesota court. The bankruptcy filing was meant to give the company relief from some of its debts.
If you or anyone you know has considered filing for bankruptcy, contact the Milwaukee Chapter 7 bankruptcy attorneys of the DeLadurantey Law Office, LLC, at 414-377-0518.
When individuals file for bankruptcy, they often must submit documents verifying their personal information. After the filing, this personal information, such as a filer’s job or address, may change.
If this information changes, then bankruptcy filers should let their attorneys know immediately. Their attorneys will be able to file the appropriate documentation to inform the court of any bankruptcy changes.
If you have questions about your bankruptcy filing, contact the Milwaukee bankruptcy attorneys of the DeLadurantey Law Office at 414-377-0518.
Many individuals file for bankruptcy because they are unable to repay debts owed to creditors. When they file for Chapter 7 or Chapter 13 bankruptcy, they are required to list all of their creditors.
Creditors not only include banks and other loan organizations but also any friends or family members who lent the filer money. Potential bankruptcy filers, however, could avoid listing certain creditors by repaying the debt before the filing.
If you or anyone you know has considered filing for Chapter 13 bankruptcy, contact the Milwaukee Chapter 13 bankruptcy attorneys of the DeLadurantey Law Office at 414-377-0518.
Individuals who file for bankruptcy are required to present a number of documents. These documents include identification and social security numbers.
These documents are required to ensure that filers do not use false identities. This form of security helps protect individuals who are not planning to file for bankruptcy and whose identity are stolen.
If you or anyone you know has questions about a bankruptcy filing, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
While filing for bankruptcy can help individuals discharge a number of debts, some debts cannot be discharged. Repaying these debts is treated differently under Chapter 7 and Chapter 13 bankruptcy.
Non-dischargeable debts include most income taxes. These taxes, however, may be discharged if the tax is more then three years old and the tax return was filed on time and correctly.
If you are considering a personal bankruptcy filing, contact the Milwaukee bankruptcy attorneys of the DeLadurantey Law Office, LLC, at 414-377-0518.
When individuals are loaded with debt, they often choose to attempt debt negotiation. During this process, creditors may even forgive their debts.
When their debt is forgiven, individuals may be taxed. If their forgiven debt is taxable, they will receive a 1099C form from the bank. In most cases, this forgiven debt will be counted as taxable income.
If you are considering a debt negotiation, contact the Milwaukee debt negotiation lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Neenah Enterprises Inc. filed for bankruptcy last week. According to the Chapter 11 filing records, the Wisconsin-based company was forced into bankruptcy because of a significant decline in sales.
At the time of the filing, the supplier of castings for manhole covers had assets of $286.6 million and debt of $449.1 million as of Sept. 30. The insolvency was a result of significant losses caused by the declines in related industries.
If your company is considering filing for bankruptcy, contact the Milwaukee bankruptcy attorneys Deladurantey Law Office, LLC, at 414-377-0518.
Many people use co-signers to help secure a loan. In most cases, the co-signer is responsible for part or all of the debt obligation if the debtor fails to pay.
When debtors file for bankruptcy, co-signers may be responsible for repaying the debt. However, co-signers may be protected if the debtor files for Chapter 13 bankruptcy.
If you or anyone you know has questions about a bankruptcy filing, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Milwaukee officials say that recent job losses have contributed to a recent rise in foreclosures in the city. The increase in unemployed citizens, coupled with the loss of unemployment benefits for many out-of-work individuals can be linked to the rising foreclosure rates. City officials say that the foreclosure crisis affecting the city can have a serious effect on it’s financial outlook. Milwaukee has received federal money to help with homebuyer assistance and other programs to help boost the economy and slow down the increasing foreclosure rate.
If you are struggling to make regular payments on your important debts, you may wish to consider filing for bankruptcy. For assistance with your claim, contact the Milwaukee bankruptcy attorneys of the DeLadurantey Law Office at 414-377-0518.
Many companies prefer to think positive and believe that bankruptcy is not a possibility. However, as the recent recession has demonstrated, no companies are really immune to bankruptcy.
For this reason, many companies are advised to develop a bankruptcy contingency plan. Such a plan is to plan out worst-case scenarios and assess the legal liabilities related to those scenarios. These worst-case scenarios could result if a financially stable company loses a major supplier or customer.
If your company has questions about the possibility of bankruptcy, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
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