Watch Out for the Fake Arrest Warrant Trick!

Watch Out for Fake Arrest Warrant Trick!



I received phone calls from individuals distressed and concerned about emails and faxes claiming to be from collection agents or prosecutors threatening arrest. They also provide a pdf of a phony arrest warrant if payment is not made immediately. The phony arrest warrant even uses a bogus logo. Do not fall for this trick!
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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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