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October 2013 Archives

Bankruptcy of energy company left some creditors with huge losses

Investors in Wisconsin and around the nation are taking note of the ongoing negotiations in the high profile bankruptcy of Energy Future Holdings Corporation. The company is currently in talks with its creditors in an attempt to reach an agreement that will determine how much money they will receive in the bankruptcy settlement.

Important credit card information most people look over

For people in Wisconsin and around the country, understanding credit cards can help avoid financial downfalls. Due to their simplicity, credit cards make it almost too easy to create mountains of debt.

U.S. biotech firm files for Chapter 11 bankruptcy

Wisconsin residents might be interested to hear that the U.S. biotech firm, Savient Pharmaceuticals Inc. filed for Chapter 11 bankruptcy protection on Oct 14. The company filed for the protection in a Delaware court. The firm also said that it has agreed to sell most of its assets to Sloan Holdings CV for approximately $55 million.

New credit card fee limits

The United States Consumer Financial Protection Bureau is pledging to further scrutinize credit card issuer policies. Although the CARD Act was passed in 2009, the bureau believes that more work is to be done. In particular, the bureau may impose new limits on fees that issuers can charge on credit card debt incurred by Wisconsin consumers and those in other states.

Bill collectors need to be careful what they say

Wisconsin readers may be interested to know that National Attorney Collection Services, Inc. has agreed to pay a $1 million fine for illegal collection practices. They used text messages to harass people who were struggling with debt, which is not necessarily illegal. However, the people sending the messages presented themselves as lawyers or paralegals and didn't reveal that they were actually working for a collections firm.

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

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