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Cage v. Smith (In re Smith)

Cage v. Smith (In re Smith)

Ruling
Proceeds from postpetition sale of homestead not reinvested as required by state statute were property of the estate.
Issue(s)
Whether the Fifth Circuit's recent holding in the chapter 13 case of Viegelahn v. Frost (In re Frost), that a debtor's failure to timely reinvest proceeds of sale of homestead in a new homestead as required by state law became nonexempt property by operation of law, applies in Chapter 7 cases?

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Consumer opinion summary, case decided on August 04, 2014 , LexisNexis #0914-051