In re Anderson
Apr
11
2008
Ruling
Payoff of mortgage on exempt homestead with nonexempt assets was not grounds for objection absent evidence of fraud.
Procedural posture
Two creditors who had filed claims objected to the debtor's homestead exemption on the basis of 11 U.S.C.S. § 522(o), asserting that the debtor enhanced the value of his homestead by paying down his home mortgage with the proceeds of nonexempt property that he disposed of with intent to hinder, delay, or defraud his creditors within 10 years of the date of his petition.
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Court
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