Case Summary:
Parties sought court determination regarding validity and extent of judgment lien on nonexempt real estate of debtors who had received chapter 7 discharge. Court holds that bankruptcy court discharge voided judgment against debtors. Further, state court's subsequent order of satisfaction -- granted pursuant to Wis. Stat. § 806.19(4) providing for satisfaction of judgments upon showing of bankruptcy discharge -- voided judgment lien on nonexempt real estate. Judgment lien is voided pursuant to Wis. Stat. § 806.21, which provides for voiding of lien upon satisfaction of judgment.
Statue/Rule References:
Wis. Stat. § 806.19(4) -- Satisfaction of Judgment Upon Showing of Discharge
WIs. Stat. § 806.21 -- Voiding of Lien Upon Satisfaction of Judgment
Key Terms:
Judicial Liens
Lien Avoidance
Satisfaction of Judgment