In re Bounds
Apr
24
2013
Ruling
Homestead exemption limited due to debtor's securities fraud.
Procedural posture
Debtor filed a petition under chapter 7 and claimed a homestead exemption under 11 U.S.C.S. § 522(b)(3) and Tex. Const. art. XVI, § 50 in a house he owned with his wife that was valued at $530,000. A creditor and a trustee who was appointed to administer the debtor's bankruptcy estate filed objections to the debtor's claim under 11 U.S.C.S. § 522(p) and (q).
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Court
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