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Milwaukee Foreclosure Plan OK’d
Posted on January 20th, 2009 No commentsThe U.S. Department of Housing and Urban Development has approved a city of Milwaukee plan to spend its $9.2 million Neighborhood Stabilization Program allocation on a program to assist homebuyers who purchase foreclosed properties. The program will also fund rental unit rehabilitation, large project rental development, demolition of unsafe structures, a land bank and more, the Small Business Times reported.
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Bill Would Extend Wage Lien
Posted on January 20th, 2009 No commentsCurrent Wisconsin law allows employees to collect up to $3,000 in back wages when their employer files for bankruptcy or ceases operations. A new proposal authored by state Sen. John Lehman (D-Racine), named the Employee Wage Protection Act, would eliminate the $3,000 per employee cap in recovering unpaid wages. If passed, the bill could restrict lending, bankers say. Read more in the Small Business Times.