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Virtual Law Firm Initial Consultation and Virtual Bankruptcy Lawyer

We at Krautkramer & Block understand that COVID-19 (Coronavirus Disease) has forced many in our community to stay home and not travel to avoid being exposed to the virus. We also understand that many of our fellow citizens still have legal and financial problems that cannot wait.

We are here to help get your legal life in order. Since many of you are staying home to avoid the risk of infection, we have decided to offer for a limited-time: virtual initial consultations. Rather than coming to our law office here in Wausau, you would request a virtual consult with my office. During a telephone or video conference, I would review the facts of your case, answer your questions, determine your options (including non-bankruptcy alternatives), the costs and benefit of each option, discuss how bankruptcy works, and finally put together a plan for you going-forward. Not only would the initial consultation be virtual, but we are changing our processes and procedures, so that future meetings would also be virtual. With our virtual legal representation you would avoid having to venture out in public greatly reducing the risk of being exposed to COVID-19 and solve your financial problems! Read More…

United States Supreme Court Reverses the 11th Circuit Denying Strip Off For Underwater Junior Mortgage Liens in Chapter 7 Bankruptcies

On June 1, 2015, the United States Supreme Court in Bank of America v. Caulkett 135 S.Ct. 1995 (2015) reversed the Court of Appeals for the Eleventh Circuit's decisions in two bankruptcy cases, In re David Caulkett and In re Edelmiro Toledo–Cardona. In those cases, the Eleventh Circuit held that "[A] wholly unsecured junior lien...is voidable under section 506(d) [in a chapter 7 bankruptcy]." Each debtor had two mortgage liens on their respective homes, but the amount of the senior mortgage lien was greater than each home's current market value. This made the each bank's junior mortgage liens completely underwater. Read More…

Bankruptcy Court Says A Person Can Have Only One Homestead At A Time

On February 26, 2015, the U.S. Bankruptcy Court for the Western District of Wisconsin sustained a chapter 7 panel trustee’s objection to debtors’ claim of exemptions under Wisconsin’s homestead exemption in two parcels of real estate in In re Minor, Bankruptcy Case No. 14-13002, Feb. 26, 2015. Read More…
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