If you have ever tried to make a cake from scratch, you are a more ambitious baker than most members of the Hanson & Payne team. While we may be able to draft a bankruptcy petition with our eyes closed, we are much more likely to crack open a box of cake...
5 Spooky Facts About Debt Collection
It’s Halloween, which means all sorts of scary creatures are on the prowl — ghosts, goblins, ghouls, and the creepiest of them all… delinquent debt.
Americans currently owe more than $16.5 trillion in consumer debt. While many people were able to pay off debts and keep up with...
Feds Release New Report On Bankruptcy Trends
The Administrative Office of the U.S. Courts releases data on bankruptcy filings each quarter. The data gives the Hanson & Payne team a snapshot of the current bankruptcy docket. And it is helpful to dive into the data and see how bankruptcy filings in Wisconsin, and the...
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Receivership 101: What You Need To Know About This Popular Alternative To Bankruptcy
Although receiverships are frequently used by Wisconsin businesses in financial distress, they are not as well known or understood as the bankruptcy process. In this post, the Hanson & Payne team, which has helped numerous business owners in the Milwaukee area navigate the receivership process, will give...
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Bankruptcy Is Not The Way To Get Rid Of Student Loan Debt… Yet
There are roughly 43 million Americans who have some sort of federal student loan debt. It is therefore not surprising that President Biden’s plan to forgive up to $20,000 held by low- to middle-income borrowers is making headlines and inspiring a lot...
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Iron Horse Hotel Motors On Despite Bankruptcy
Earlier this summer, Milwaukee’s popular Iron Horse Hotel filed for Chapter 11 bankruptcy. The much-lauded, motorcycle-themed lodge plans to stay open while its case proceeds, which is not unusual and is probably a good thing for the Walker’s Point neighborhood.
Although...
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Wisconsin Bankruptcy Filings Dropped Over the Past Year
While we are well on our way through Q3 of the calendar year, the Administrative Office of the U.S. Courts has just released its data on the number of bankruptcies filed through the end of the latest fiscal year.
Across the...
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Crypto Investors Get A Crash Course In Bankruptcy Proceedings
The recent bankruptcies of the cryptocurrency trading and lending firms Voyager Digital Holdings, Inc. and Celsius Network LLC are giving many Milwaukee area residents a crash course in bankruptcy. Both firms froze their users’ accounts, and everyone wants to know if and when they will get their...
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