BANKRUPTCY LAW (California Homestead Exemption)

BANKRUPTCY LAW (California Homestead Exemption)

San Diego County Debtor Filed Bankruptcy Petition in 2021. Bankruptcy Court Held, and 9th Circuit Court of Appeals Agreed, that California’s $600K 2021 Homestead Exemption Applied in its Entirety. That Exemption is then Added to the Mortgage Balances and Other Liens on the Property, and Where, as Here, the Sum of Those Figures Exceeds the Value of the Real Estate, the Debtor May Avoid the Trustee’s Claims. Debtor was Not Limited to the Statutory Exemption Amount at the Time the Lien was Incurred (2014).
Barclay [US Trustee] v. Boskoski [Debtor] (9th Circuit, 2022) 52 F.4th 1172;
Argued and Submitted 9/23/2022, at Pasadena, California.
Opinion Issued 11/14/2022.

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