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ABI Exclusive

Homestead Proceeds May Be Exempt Under State Law but Not Under Section 522(d)(1)

Affirming the bankruptcy court, the Sixth Circuit BAP won’t exempt proceeds from the prepetition sale of a home, even though the proceeds were identifiable and in escrow.

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Opinion Link

Case Details

Case Citation

In re Richards, 22-8002 (B.A.P. 6th Cir. Aug. 25, 2022)

Case Name

In re Richards

Case Type

Consumer
Court
Bankruptcy Tags