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 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 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
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.