Legal Opinion
In re McCarthy
United States Bankruptcy Court, W.D. Wisconsin
Decided May 17, 2016No. Case No. 15-13380PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM DECISION
ROBERT D. MARTIN, UNITED STATES BANKRUPTCY JUDGE
Debtors Timothy and Pamela McCarthy (the McCarthys) claimed an exemption for a closely held business interest. The Chapter 7 trustee objected. A final hearing on that objection was held on January 6, 2016, at which the matter was taken under advisement.
On December 20, 2006, Mr. McCarthy and his step-son, Cory Acker, bought a duplex for approximately $275,000. $218,400 of the purchase price was funded by a note and mortgage, on the duplex, executed by Mr. McCarthy and Mr. Acker. The remainder, $58,480.02, was paid by the…
2Cases cited7 opinions
- Commissioner v. TowerSupreme Court of the United States · 1946
- Heck & Paetow Claim Service, Inc. v. HeckWisconsin Supreme Court · 1980
- Skaar v. Department of RevenueWisconsin Supreme Court · 1973
- McDonald v. McDonaldWisconsin Supreme Court · 1972
- Jolin v. OsterWisconsin Supreme Court · 1969
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Universal Credit Advisors, LLC v. AydtUnited States Bankruptcy Court, E.D. Wisconsin · 2025