In re Sissom
May
11
2007
Ruling
Trustee granted equitable lien for $50,000 of non-exempt stock proceeds used to purchase otherwise exempt homestead.
Procedural posture
Chapter 7 trustee, pursuant to 11 U.S.C. § 522(o), objected to the debtor's homestead exemption, alleging that the debtor improperly used nonexempt cash of $61,541 to help purchase the real property that he claimed as his homestead and to purchase personal property that he claimed exempt.
ABI Membership is required to access the full summary of In re Sissom Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: