Stephens v. Holbrook (In re Stephens)
Mar
09
2009
Ruling
Debtors could claim exemption in proceeds of sale of Iowa homestead where debtor had not lived in new state for 730 days provided proceeds were held for a reasonable period.
Procedural posture
Appellant debtor filed a petition under chapter 7 and claimed that proceeds derived from the sale of debtor's homestead in Iowa were exempt from creditors' claims. Appellee trustee was appointed to represent the bankruptcy estate, and he filed an objection to the debtor's claim. The United States Bankruptcy Court for the Western District of Oklahoma sustained the trustee's objection, and the debtor appealed.
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Court
:
Judge or Jurisdiction information not available