Alliant Energy Corporation is making arrangements to end an ongoing federal lawsuit with U.S. Bank. A spokesperson for the Wisconsing energy company, which has electric and natural gas utilities in Iowa, the company plans to buy back debt that was used to finance a previous investment in McLeodUSA.

The buyback would help Alliant consolidate its business, which has shrunk in the past few years as the company has mostly divested of its international assets. The consolidation would further allow Alliant to focus on its operations in Wisconsin and Iowa.

Resolving lawsuits with banks concerning debts can be timely and complicated. If your business is involved in such debt lawsuits, contact the Iowa business attorneys of LaMarca & Landry at 877-327-2600. 

Wells Fargo & Co. completed 33,172 trial and final modifications of home loans in the month of August. The completion represents a 64-percent increase for the month as part of the Home Affordable Modification Program.

The program was designed in response to the recent financial crisis. Its goal is to help homeowners who can no longer make their monthly financial payments. 

A spokesperson for the bank said its hope is to modify more than 60,000 mortgages by the end of September. 

If you or anyone you know has had problems restructuring your mortgage, contact the Des Moines business litigation lawyers of LaMarca & Landry at 877-327-2600.

A business in Hiawatha has filed for Chapter 11 bankruptcy. A'Hearn Plumbing & Heating, a 41-year-old full-service mechanical contractors, provides plumbing heating, and ventilation services. 

The president of the company said the bankruptcy filing will give the company an opportunity to reorganize its debt and consolidate its business. In its bankruptcy filing, the company lists its assets and debts at $2 million and $10 million, respectively.

If your business is having trouble paying its debts, contact the Iowa business lawyers of LaMarca & Landry at 87-327-2600.