Category Archives: Homestead
Law v. Siegel – SCOTUS Limits the Application of 11 U.S.C. § 105
An important issue that is often addressed in Chapter 7 bankruptcy cases is whether the debtor asserts a “homestead” exemption to attempt to protect their home equity from becoming property of the bankruptcy estate. Recently, an intriguing decision was handed down by the United States Supreme Court. The important message gleaned from the court was that 11 U.S.C. § 105 cannot be invoked while disregarding other express provisions of the Bankruptcy Code.
Also posted in Bankruptcy, Exemptions, Litigation
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