Springel v. Prosser (In re Prosser)

Ruling: 
Exemptions claimed in two out of three properties disallowed on remand.
Procedural posture: 
Debtor declared chapter 7 bankruptcy and claimed that real property he owned in the U.S. Virgin Islands and in Florida was exempt from creditors' claims. Although the bankruptcy court disallowed the debtors' exemptions, the U.S. District Court for the United States Virgin Islands, Division of St. Thomas and St. John, reversed the bankruptcy court's ruling as to three tracts of land the debtor owned in the Virgin Islands, and remanded the case.
Issue: 
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Consumer case opionion summary, case decided on February 14,2013, LexisNexis #0313-044