Bankruptcy & Creditors’ Rights
Ruder Ware attorneys have substantial experience representing creditors’ committees, financial institutions, and other creditors in bankruptcy and insolvency proceedings, as well as in matters involving complex commercial workouts and foreclosures, replevins, and homestead foreclosures.
We also have a wide range of experience advising clients on transactions involving distressed businesses, and we have regularly represented financial institutions and other lenders, creditors’ committees, individual secured and unsecured creditors, business debtors, trustees, receivers, investors, buyers, sellers, and others in connection with various insolvency matters. Our services include:
- Representing secured and unsecured lenders and other creditors in Chapter 7, Chapter 11, and other bankruptcy court proceedings as well as in pre-petition negotiations and other types of insolvency proceedings
- Representing creditors’ committees and handling assignments for the benefit of creditors
- Advising lenders with respect to workouts and restructurings outside of bankruptcy
- Representing buyers and sellers in connection with purchases, sales, and liquidations of troubled businesses, both inside and outside of bankruptcy court proceedings
- Handling preference and fraudulent conveyance matters
- Handling out-of-court restructuring agreements and plans of reorganization
- Counseling directors and officers of insolvent corporations concerning their fiduciary duties and related issues
- Assisting clients in connection with the enforcement of construction and warehouseman liens as well as with the collection of unpaid business accounts.
Founded in 1920, Ruder Ware provides business, employment, estate planning, and litigation services. A full-service law firm, over 45 attorneys provide clients with a one-stop approach to their legal needs. Ruder Ware, Business Attorneys for Business Success.
Posted on December 14, 2023 by Mary Ellen Schill
The Internal Revenue Service issued the 2024 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes. The most notable change is the slight per mile increase for businesses. Effective January 1, 2024, the optional standard mileage rates for the use of a car […]
Posted on October 23, 2023 by Anne E. Flinchum
As a collection and banking attorney, I am often asked whether (or when) I think collections will restart now that we are somewhat “beyond” COVID-19, although not fully. In my own practice I have seen an increase in demand letters to businesses and consumers for past due accounts or debts. Banks and businesses need to […]
Posted on February 22, 2023 by Lucas P. Sczygelski
When it goes into effect on January 1, 2024, a provision tucked inside the Corporate Transparency Act (the “CTA”) will impose lengthy new reporting requirements on many business entities, including many single-member LLCs. The final rule recently issued by the U.S. Treasury Department’s Financial Crimes Enforcement Network clarifies the scope and applicability of these new […]
Posted on February 14, 2023 by Sara J. Ackermann
If you are a federal contractor, keep reading. Last summer, the Office of Federal Contractor Compliance Programs (OFCCP) issued a notice to all federal contractors that the Center for Investigative Reporting had requested EEO-1 reports for 2016-2020 pursuant to the Freedom of Information Act (FOIA). While the motive is uncertain, it is likely that this […]
Posted on February 3, 2023 by Ian A. Colby
To do business in Wisconsin, a business owner needs to file numerous documents with federal, state, and local governments. Congress recently added a new one. Under the Corporate Transparency Act, most corporations, LLCs, and similar company types doing business in the United States must file a report divulging the personal information of anyone who “controls” […]
Posted on December 29, 2022 by Mary Ellen Schill
The Internal Revenue Service issued the 2023 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes. The most notable change is the three-cent per mile increase for businesses. Effective January 1, 2023, the optional standard mileage rates for the use of a car […]
Posted on October 6, 2022 by Steven P. Lipowski, J.P. La Chapelle, Paul J. Mirr and Jordan C. Sundell
Under new Wisconsin laws coming into effect soon, some important rules governing how limited liability companies (LLCs) operate will change. This article will describe some of the key changes, what LLC owners need to be thinking about, and some approaching deadlines for those wishing to be governed under the “old” rules. The New LLC Law […]
Posted on July 27, 2022 by Anne E. Flinchum
In March of this year, the three major nationwide credit reporting agencies (Equifax, Experian, and TransUnion) announced there would be substantial changes to medical collection debt reporting coming this summer in an effort to help consumers faced with unexpected medical bills. The changes will remove nearly 70% of medical collection debt tradelines from consumer credit […]
Posted on June 9, 2022 by Mary Ellen Schill
Due to the increase in the cost of gasoline since establishing the 2022 rates last year, the Internal Revenue Service is increasing mid-year the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses. Effective July 1, 2022, the optional standard mileage rates will be 62.5 […]
Posted on May 10, 2022 by Andrew M. Lorenz
In a perfect world, business owners could spend all of their time and money focusing on a singular task: running their business. Despite the best laid plans, however, at some point ancillary concerns will arise and require—at least to some extent—that a business divert its resources to address and correct an issue. One area of […]
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