In November, the largest milk producer in the country filed for Chapter 11 bankruptcy protection. In January, Borden Dairy Co., the second largest producers also sought bankruptcy protection. It is reported that Borden, which is based in Dallas, owes between $100 and $500 million to about 5000 creditors. Unlike a Chapter 7 bankruptcy, a Chapter 11 bankruptcy allows a company to reorganize its finances in the hope of continuing on in business. The Zaleski Law Firm files mostly Chapter 7 bankruptcy cases and Chapter 13 bankruptcy cases for Wisconsin individuals and small business. We can only wonder how many Wisconsin families and farms may be affected by the challenging milk prices and other negative market forces which caused Borden and Dean to seek bankruptcy protection. The Zaleski Law Firm is here to help anyone here in southern Wisconsin who may need a fresh start in these tough times.
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