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 through its offices in Wausau, Eau Claire, and Green Bay, Wisconsin.  A full-service law firm, over 40 attorneys provide clients with a one-stop approach to their legal needs. Ruder Ware, Business Attorneys for Business Success.

Trump Administration Wades into Residential Real Estate Evictions with Moratorium

Posted on September 2, 2020 by

On September 1, 2020, the Centers for Disease Control and Prevention released a yet-to-be published Emergency Order (Order) prohibiting residential evictions.  The Order will take effect on its legal publication date (expected to be Friday, September 4, 2020) through December 31, 2020.  Specifically, the Order prohibits any action by a landlord or similar owner of […]

Is Your Company Ready? California Consumer Privacy Act Now Being Enforced

Posted on August 24, 2020 by

Starting last month, the California Attorney General began enforcing the California Consumer Privacy Act (“CCPA”). Although the CCPA went into effect January 1, 2020, it provided a six-month grace period to allow companies to comply.  Under the CCPA, California residents, even if temporarily out of the state, are granted substantial data-privacy rights and extensive control […]

SBA and Treasury Release Revisions to Interim Final Rules on Loan Forgiveness and Loan Review Procedures

Posted on June 24, 2020 by , and

On Tuesday evening (June 22nd), the Small Business Administration (SBA) and Department of the Treasury released revisions to the interim final rule on forgiveness (issued May 22nd) and the interim final rule on loan review procedures (issued May 22nd).  The revisions can be found here and are intended to update the rules in light of […]

SBA Issues Updated Paycheck Protection Program Loan Forgiveness Application and Issues New “EZ” Application Form

Posted on June 17, 2020 by , and

On June 16 the SBA issued a revised Paycheck Protection Program (PPP) Loan Forgiveness Application along with updated instructions.  The update in large part reflects the changes made to PPP by the Paycheck Protection Program Flexibility Act of 2020, enacted on June 5.   The new form can be found here, and the new instructions can […]

Applications for Wisconsin’s “We’re All In” Small Business Grant to Open June 15

Posted on June 11, 2020 by

The Wisconsin Economic Development Corporation (WEDC) will begin accepting online applications on June 15 for its We’re All In grant, which will provide $2,500 in relief to an estimated 30,000 small businesses throughout the state. Funded by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, the grant aims to help small businesses with […]

Wisconsin Announces Residential Renter Assistance, But Details are Scarce

Posted on May 21, 2020 by

Earlier this week, the Wisconsin Department of Administration announced the creation of the Wisconsin Rental Assistance Program.  The state has allocated $25 Million to a program to assist residential renters with rent payments and security deposit obligations from the grant the state received under the CARES Act funds issued to all states. To be eligible, […]

2021 HSA Limits Are Announced

Posted on May 20, 2020 by

In a bit of a respite from COVID-19, today the IRS announced the Health Savings Account limits for 2021.  With respect to contribution limits, the limits are slightly higher than the ones for 2020.  As a reminder, these inflation adjusted amounts are effective for calendar year 2021. HSA/HDHP Requirement Cost-of-Living Adjustments Limit on HSA Contributions […]

State Suspends Landlords’ Ability to Collect Late Fees and Penalties during Health Crisis

Posted on April 30, 2020 by

Starting April 25, 2020 the State of Wisconsin has temporarily suspended a residential property landlord’s right to charge tenants late or missed rent fees or penalties.  The suspension is the result of an emergency rule published by the Wisconsin Department of Agriculture, Trade, and Consumer Protection which generally implements rules covering landlord/tenant relationships.  The basis […]

We Received a PPP Loan—Now What?

Posted on April 30, 2020 by , and

With a second round of Paycheck Protection Program (“PPP”) funding coming available last week, a large percentage of small businesses either have already received (or will soon receive) the proceeds of a PPP loan. At only one percent interest over two years, PPP loans present a great opportunity, but, obviously, businesses are most interested in […]

State of Wisconsin Extends Safer at Home Order

Posted on April 16, 2020 by , , , and

This afternoon, Wisconsin Department of Health Services issued Emergency Order #28 (the “Extended Order”), an extension to Emergency Order #12 released on March 24th (the “Original Order”). The full text of the Extended Order can be accessed here. The Original Order remains in effect until 8:00 AM on April 24th, at which time the Extended […]

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