by Miller & Miller Law, LLC | Mar 10, 2016 | Commercial Bankruptcy
Keeping a business afloat is not always an easy matter, particularly when developments in the market change the way consumers shop for goods and services. Businesses that fail to keep up with these changes eventually end up with poor performance and possibly...
by Miller & Miller Law, LLC | Mar 8, 2016 | Commercial Bankruptcy
For businesses and people who own businesses, burdensome debt and faltering income can be challenging in the same way it is for individuals. When a business comes to the end of its financial rope, bankruptcy begins to show up on the radar of possibilities....
by Miller & Miller Law, LLC | Feb 8, 2016 | Commercial Bankruptcy
In our last post, we began looking at some of the basic features of Chapter 11 bankruptcy. In addition to the points mentioned last time, we wanted to look at several additional points about Chapter 11 bankruptcy.In Chapter 11 bankruptcy, the main task is coming up...
by Miller & Miller Law, LLC | Feb 3, 2016 | Commercial Bankruptcy
In our last post, we mentioned the recent bankruptcy filing associated with paper mills in both Wisconsin Rapids and Stevens Point, and began speaking about some of the general characteristics of Chapter 11 bankruptcy. As we noted, Chapter 11 is most often used in...
by Miller & Miller Law, LLC | Feb 1, 2016 | Commercial Bankruptcy
Milwaukee readers may have heard the news that the owner of Virginia-based paper company Verso Corp. recently filed for bankruptcy, listing $2.4 billion in debt. The company owns two mills in Wisconsin, one in Stevens Point and the other in Wisconsin Rapids, having...
by Miller & Miller Law, LLC | Dec 30, 2015 | Commercial Bankruptcy
When a small business in Wisconsin is struggling, the owners may consider filing for a Chapter 11 bankruptcy. It offers the entity the opportunity of financial reorganization and restructuring of its debts. One of the benefits of a small business bankruptcy is the...
by Miller & Miller Law, LLC | Oct 22, 2015 | Commercial Bankruptcy
If you own a business and are experiencing difficult financial times, it may be time to consider whether a bankruptcy would be the best course of action. There are always slow periods for any business, and when margins become too thin this can lead to financial...
by Miller & Miller Law, LLC | Aug 14, 2015 | Commercial Bankruptcy
For many, the prospect of filing a bankruptcy is filled with trepidation. They worry that it is a sign of irresponsibility or they will be embarrassed to admit to their friends they were forced to file. They may think is means they have failed. In reality, many people...
by Miller & Miller Law, LLC | Apr 22, 2015 | Commercial Bankruptcy
The economic downturn of 2008 had dramatic impacts on the financial stability of individuals and businesses across America. The Neenah Foundry Company was among the businesses impacted. The Foundry began pursuing protection under Chapter 11 of the Bankruptcy Code as...
by Miller & Miller Law, LLC | Apr 16, 2015 | Commercial Bankruptcy
Although it is commonly used for larger corporations, Chapter 11 bankruptcy can be a useful tool for small business owners in the right circumstances. Through Chapter 11, you are given a temporary reprieve from all collections actions while you reorganize your...