- FRBP
In re Farthing
Feb
28
2006
Ruling
Court rejected debtors' argument that trustee needed to timely object to the valuation of debtors'residence since Rule 4003(b) only required a timely objection to the exemption in the residence.
Procedural posture
Bankruptcy debtors listed the value of their residence in their schedules and claimed an exemption to the maximum amount allowed under state law, and existing liens and the exemption resulted in no equity in the residence. The debtors objected to the trustee's proposed sale of the residence for substantially more than its listed value.
ABI Membership is required to access the full summary of In re Farthing Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: