Arcadia Bankruptcy & Debt Lawyer, Wisconsin

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David B. Russell

General Practice
Status:  In Good Standing           

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Amie B. Trupke

Environmental Law Other, Workers' Compensation, Bankruptcy, Products Liability
Status:  Suspended           Licensed:  22 Years

Andrew Aaron Van Sickle

Government, Family Law, Bankruptcy, Accident & Injury
Status:  Suspended           Licensed:  28 Years

Ann E. Stevning-Roe

Real Estate, Government, Divorce & Family Law, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  40 Years

Anthony R. Varda

Workers' Compensation, Family Law, Bankruptcy, Products Liability
Status:  In Good Standing           Licensed:  48 Years

Arthur A. Vogel

Environmental Law Other, Environmental Law, Bankruptcy, Products Liability
Status:  In Good Standing           Licensed:  45 Years

Austin D. Auleta

Family Law, Criminal, Credit & Debt
Status:  In Good Standing           

Bernard J. Westfahl

Real Estate, Estate, Business, Credit & Debt
Status:  In Good Standing           Licensed:  52 Years

Berton D. Sherman

Real Estate, Business, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  71 Years

Brady C. Williamson

Litigation, Communication & Media Law, Business, Bankruptcy & Debt
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

FDCPA

See Fair Debt Collections & Practices Act.

TRADE NAME

The official name of a business, the one it uses on its letterhead and bank account when not dealing with consumers.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)
A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

MEANS TEST

A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income ... (more...)
A formula that uses predefined income and expense categories to determine whether a debtor whose current monthly income is higher than the median family income for his or her state should be allowed to file for Chapter 7 bankruptcy.

FAIR LABOR STANDARDS ACT (FLSA)

A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements ... (more...)
A federal law that guarantees a worker's right to be paid fairly. The FLSA defines the 40-hour workweek, sets out the federal minimum wage, states requirements for overtime and places restrictions on child labor.

SETOFF

A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a countercl... (more...)
A claim made by someone who allegedly owes money, that the amount should be reduced because the other person owes him money. This is often raised in a counterclaim filed by a defendant in a lawsuit. Banks may try to exercise a setoff by taking money out of a deposit account to satisfy past due payments on a loan or credit card bill. Such an act is illegal under most circumstances.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)
The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

LIMITED PARTNERSHIP

A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner ... (more...)
A business structure that allows one or more partners (called limited partners) to enjoy limited personal liability for partnership debts while another partner or partners (called general partners) have unlimited personal liability. The key difference between a general and limited partner concerns management decision making--general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions. If they do, they risk being treated as general partners with unlimited personal liability.