Litman et al v. National Exchange Bank and Trust
Aug 16, 2013OUTCOME: Judge ruled in our favor. $44,000 for punitive damages.
Adversary proceeding for automatic stay violation
Milwaukee, WI
Bankruptcy and debt Lawyer at Milwaukee, WI
Practice Areas: Bankruptcy & Debt, Chapter 7 Bankruptcy ... +2 more
OUTCOME: Judge ruled in our favor. $44,000 for punitive damages.
Adversary proceeding for automatic stay violation
OUTCOME: Saved client's homestead from foreclosure
In Debtors' adversary proceeding to avoid the transfer of their real properties to the City of Milwaukee via tax lien foreclosure, the Court held that the City's "strict foreclosure" process under Wis. ... Stat. section 75.521, which did not involve any kind of sale, was not sufficient to establish the "reasonably equivalent value" element of a section 548 fraudulent conveyance action.