Legal Question in Credit and Debt Law in Wisconsin

Old Business Debt

I had an incorporated business that went under in 2001. Apparently between 1997 and 2000 there were about 6 weeks where our Workman's Compensation Insurance lapsed anywhere from a week to two weeks at a time. Now the DWD has sent me a Warrent Docketed Notice saying I owe them $7,500 and they are going to try to grab what assets I have personally (which is nothing) and attach any income I have. I'm a single parent raising my 2 grand-childern and we make about $15,000 per year. We are barely surviving as it is, let alone come up with that kind of money. I thought there was some kind of Statute of Limitations on real old debts? Does anybody have any ideas?


Asked on 12/07/08, 12:47 am

1 Answer from Attorneys
JAY Nixon nixon law offices

Corporate Worker's Compensation Insurance Lapse, Personal Liability for Penalties, Chapter 13 Bankruptcy

Worker's Compensation Insurance Lapse, Personal Liability for Penalties

You need to discuss these issues with a bankruptcy attorney as soon as possible. Corporate debts of this type can sometimes be assessed personally against the owner. Although the debt may not be dischargeable, a personal chapter 13 filing may get rid of some of the penalties and interest and prevent new enforcement actions such as asset seizures, bank account levies and wage garnishments, while you pay off the amount due over a five year period. Failure to carry worker's comp. insurance may also be a crime in WI. My comments in this online forum to not constitute legal advice and do not create any attorney client relationship between us.

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Answered on 12/07/08, 6:18 pm


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