Homestead - Reinvestment requirement - Proceeds used to pay rent

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Reply-To: Rex Tran
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Good afternoon,
If principal residence is sold during bankruptcy and Debtor receives $100k
in proceeds.
Can Debtor use a portion of those proceeds to pay rent while searching for
a home to reinvest the remainder of the proceeds?
I found some Oregon cases saying yes, but don't see anything for CA/9th
Circuit.
If you have any questions, comments or concerns, please do not hesitate to
contact me. Thank you.
Very Respectfully,
Rex Tran, Esq.
Partner
Law Offices of Chen & Tran
1633 E 4th St #214
Santa Ana, CA 92701
P| (888) 938-5393
F| (818) 436-5953
rtran@chentranlaw.com
chentranlaw.com
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Good afternoon,If principal residence is sold during bankruptcy and Debtor receives $100k in proceeds.Can Debtor use a portion of those proceeds to pay rent while searching for a home to reinvest the remainder of the proceeds?I found some Oregon cases saying yes, but don't see anything for CA/9th Circuit.
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