Voluntary sale in Chapter 13
Posted: Thu Feb 18, 2016 10:59 pm
Where does it say the homestead exemption applies only to forced sales?
704.730(a)(3)(C) seems to imply that the other sections apply to voluntary
sales. See the last clause, "and the sale is an involuntary sale."
Sincerely,
*Michael Avanesian, Esq. *
Avanesian Law Firm
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Glendale, CA 91203
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On Thu, Feb 18, 2016 at 5:42 PM, Peter Lively petermlively2000@yahoo.com
[cdcbaa] wrote:
>
>
> Stella,
>
> Unless the debtor has recorded a homestead, for the debtor to be entitled
> to claim a homestead exemption, there must be a forced sale by a creditor
> outside of bankruptcy through state court or by a trustee in bankruptcy
> using state court law
>
>
> *Part 2. of Civil Actions**Title 9. Enforcement of Judgments**Div 2.
> Enforcement of Money Judgments**Ch 4. Exemptions**Art 4. Homestead
> Exemption*
>
> * 704.720. *(a) A homestead is exempt from sale under this division to
> the extent provided in Section 704.800.
>
> (b) If a homestead is sold under this division
>
> Sent from my iPhone - please excuse typos.
> Thank you.
>
> On Feb 18, 2016, at 5:12 PM, havkinlaw@earthlink.net [cdcbaa] cdcbaa@yahoogroups.com> wrote:
>
>
>
> I know Nick discussed the situation in Riverside with Ron Danielson taking
> the position that the homestead proceeds belong to the estate in the Debtor
> sells while in a Chapter 13. Has anyone heard whether Liz Rojas is taking
> the same position? Also, in my case, my debtor owns 1/3 of the property
> with her parents owing the other 2/3. They are forcing her to sell. Would
> this qualify as an involuntary sale?
>
>
> Stella
>
>
>
Where does it say the homestead exemption applies only to forced sales?704.730(a)(3)(C) seems to imply that the other sections apply to voluntary sales. See the last clause, "and the sale is an involuntary sale."
The post was migrated from Yahoo.