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Bankruptcy, Restructuring & Workouts

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January 26, 2020 Dunlap Seeger

Chapter 11 Bankruptcy can Reduce Obligations to Shareholders

Companies have financial obligations to many different parties. When a business hires people to work, they have an obligation to fulfill the promises made regarding that employment, including the payment of wages. Companies also have financial obligations to local and federal government agencies because they must collect and pay taxes. Businesses can also incur additional financial obligations to creditors that help them fund expansions, suppliers who do not demand payment up front, and shareholders or investors that use their own More +
October 09, 2019 Dunlap Seeger

Reasons Businesses May File for Bankruptcy

Business owners often want to ensure their organization is successful in creating value and bringing in profits. However, there may be some cases where a business does not achieve those goals for an extended period, which can push it into bankruptcy. While owners may hold some level of responsibility, there are several reasons why bankruptcy can occur. Causes of Chapter 11 These are a number of factors that may contribute: State of the market: If the overall economy or the business’s More +
September 29, 2019 Dunlap Seeger

What Debts Can You Discharge in Personal Bankruptcy?

Bankruptcy is an area of law shrouded in mystery. The people who go through bankruptcy proceedings are often loathe to discuss it with their peers, worrying that people might judge them for experiencing financial hardship. Unfortunately, that means that many people who would likely benefit from bankruptcy are hesitant to file because they don’t really understand what bankruptcy involves. One of the biggest concerns that many people have about bankruptcy is that it won’t address their major debts, as bankruptcy More +
August 01, 2019 Dunlap Seeger

The Primary Advantages of Chapter 7 Bankruptcy

The decision to file for Chapter 7 bankruptcy is never an easy one. Even if you understand the pros and cons, you may still have some reservations about pushing forward. This is natural, as filing for bankruptcy is one of the biggest financial decisions you’ll ever make. Understanding the primary advantages of Chapter 7 bankruptcy will help you decide if it’s the right decision for you at the present time: A new financial beginning: For the most part, Chapter 7 bankruptcy gives you More +
May 31, 2019 Dunlap Seeger

Bankruptcy Could Actually Help You Keep Your House

When people hear the word bankruptcy, they all too often immediately start to imagine losing everything they own and living in poverty. Bankruptcy, after all, means that you have reached a point where your debt overwhelms you and your income can no longer offset your financial obligations adequately. However, even people who make six-figure salaries can find themselves in need of bankruptcy protections, and filing for bankruptcy doesn’t mean you can’t recover financially afterward or have a better future. It More +
March 02, 2019 Dunlap Seeger

Medical Debt From Cancer is a Common Cause of Bankruptcy

People come from all over to seek treatment and medical care at the Mayo Clinic. Individuals who live in Minnesota and throughout the Midwest come here for treatments and medications still in the research phase that they could not access elsewhere. They also come for access to cutting-edge machinery and procedures. Unfortunately, experimental or brand new procedures and medications often carry massive price tags. Researchers and medical companies use costs that they pass along as one way to offset the More +

Attorneys

Paul W. Bucher
Attorney | Shareholder
pwb@dunlaplaw.com

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Aurora M. DeCook
Attorney
adc@dunlaplaw.com

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Michael S. Dietz
Attorney | Shareholder
msd@dunlaplaw.com

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507.288.9111 info@dunlaplaw.com