In re Thurston

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Settlement funds from lawsuit for damage to debtor's homestead were not exempt.
Procedural posture: 
A bankruptcy debtor claimed an exemption in his homestead and subsequently claimed an exemption in settlement proceeds from a state court action which alleged that abutters were liable for flood damage to the debtor's homestead. The trustee objected to the exemption of the settlement proceeds.
Issue: 
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