Debtors Cannot Claim Homestead Exemption In Carve-out Funds Recovered By Trustee.
In a July 2015 case the Chapter 7 Trustee sold a house that was underwater with three liens, and received a carve-out from the lender that held the second and third liens. The Debtors did not object to the sale, but to the Trustee’s Final Report because ... Read full article