Tag Archives: fraudulent conveyance

Delinquent Property Tax Foreclosure: Is There “Reasonably Equivalent Value” or Not?

Posted on May 28, 2013 by BankruptcyRealEstateInsights

City of Milwaukee v. Gillespie, 47 B.R. 916 (E.D. Wis. 2013) – Under Wisconsin’s strict tax foreclosure procedure, a tax authority can obtain property in satisfaction of a delinquent property tax bill without any public sale or other competitive bidding.  Gillespie … Continue reading →

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Deed in Lieu: Sometimes It Works, and Sometimes It Doesn’t (Round 1)

Posted on March 8, 2013 by BankruptcyRealEstateInsights

4100 West Grand LLC v. TY Grand LLC (In re 4100 West Grand LLC), 481 B.R. 444 (Bankr. N.D. Ill. 2012) – In West Grand the debtor attempted to have a deed in lieu of foreclosure set aside as a fraudulent … Continue reading →

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Foreclosure: Will a Last Minute Sale Survive?

Posted on January 10, 2013 by BankruptcyRealEstateInsights

In re Cook, 481 B.R. 265 (Bankr. N.D.N.Y. 2012) – A couple of hours before the Cooks filed a chapter 13 bankruptcy case, their home was sold at a foreclosure sale as the final step in a foreclosure of the first … Continue reading →

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TOUSA: What’s All the Fuss?

Posted on August 10, 2012 by BankruptcyRealEstateInsights

Senior Transeastern Lenders v. Official Comm. of Unsecured Creditors (In re TOUSA, Inc.), 680 Fed 3rd 1298 (11th Cir. 2012) – It would be difficult for even a casual observer to miss the uproar caused by the 11th Circuit’s decision in … Continue reading →

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