- 11 U.S.C.
Randall v. Haddad (In re Haddad)
Sep
20
2011
Ruling
Debtor could not claim exemption on proceeds of sale of property after being divested of title by state court order.
Procedural posture
Plaintiffs filed an adversary action against the debtor and a state retirement board seeking a determination that $40,000 in proceeds from the sale of real property was not the property of the debtor's bankruptcy estate, as well as an order requiring the retirement board to return the $40,000 deposited by the debtor into her retirement board account. The retirement board and debtor filed motions to dismiss.
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Court
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