The good news is you get to direct how that payment is applied. You should do so, because if you do fail to direct the application of the payment to a particular debt, the creditor may apply the payment as it chooses to. There is an exception to these principles, called the “Identical Property” rule. […]
Read MoreI had a client yesterday who is seeking a loanmodification. Many people do, and we can expect a lot more as a result ofthe coronavirus. A mortgage loan modification is simply an agreement tochange the original terms of the loan. This is not the same asrefinancing. Refinancing means that you are replacing your existingmortgage loan […]
Read MoreYou make sure to tell David – thank you, thank you!! He gave me all the right advice! -Kathleen S.
Read MoreQuestion: People from foreign countries come to visit US and I need to take care of the tour. Hi,I live in Madison ,WI….a group of my friends in foreign countries are planning to come visit me in the future and I need to take care for their tour…just wondering what I should do to avoid any […]
Read MoreWe recently came upon a case in which a mortgage borrower had not made a payment in over 15 years. The lender had taken no action to collect, nor to foreclose its mortgage lien. When action finally was brought, the borrower asserted that the lender had lost its right to enforce the mortgage. By that […]
Read MoreA: Yes. I have represented a number of clients who were incarcerated at the time. There are a few issues to consider. There may even be advantages to the client by filing while incarcerated. –This question and answer can also be found on Justia’s “Ask A Lawyer” section. Answer was provided by Attorney David Krekeler. https://answers.justia.com/question/2020/02/19/do-bankruptcy-lawyers-represent-incarcer-748062
Read MoreForever 21 has filed Chapter 11. The fashion for teen shoppers retailer’s sales were down 20-25%. The company has already announced closings of nearly 180 stores by the end of this year, including the store here in Madison. Forever 21 is another in the list of retailers who have filed bankruptcy this year. Budget retailers […]
Read MoreA: A debt to a parent is no different than a debt to a stranger. it is discharged unless it falls within one of the several exceptions to discharge. Harassment or other collection efforts after discharge would be grounds for a contempt motion. Because of the family relationship, I would hope you could avoid bringing […]
Read MoreBlog , General Bankruptcy , Tax , Tax Issues
Q: A collection company has filed 1099 C or cancellation of debt forms with the IRS on past due debts they claim are mine. They have never taken legal action against me, I talked with them once after statute of limitations expired, I have never acknowledged owing debt, I have never offered any settlements and […]
Read MoreI just wanted to drop a note to thank Dave Krekeler and associates for the time and attention given to my situation. My son made a mistake, it almost cost someone their life. It was a trying time for us as a family. We knew immediately that we would be vulnerable to financial complications as […]
Read More
