Debtor receiving exempt amount of liquidated real property
Posted: Wed Jan 26, 2005 9:11 am
Got it. I understand. Thanks all.
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Wednesday, January 26, 2005 7:34 AM
Subject: Re: [cdcbaa] Debtor receiving exempt amount of liquidated real property
--- Dennis McGoldrick wrote:
I just reread my post and realize I should have said
the money has to be "reinvested" in another
"homestead" any other use would still require the
debtor to return the funds.
Keep in mind, a motorhome can be a homestead, or a
boat, if the debtor lives in the property. If a
debtor sold his home, bought a boat, moved onto the
boat,....the boat would be exempt, and the
boat/motorhome/ could be resold after the bankruptcy.
dennis
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Got it. I understand. Thanks
all.
----- Original Message -----
From:
Dennis McGoldrick
To: cdcbaa@yahoogroups.com
Sent: Wednesday, January 26, 2005 7:34
AM
Subject: Re: [cdcbaa] Debtor receiving
exempt amount of liquidated real property
--- Dennis McGoldrick <easky1@yahoo.com> wrote:I
just reread my post and realize I should have saidthe money has to be "reinvested" in another"homestead" any other use would still require
thedebtor to return the funds.Keep in mind, a motorhome can be a
homestead, or aboat, if the debtor lives in the property. If
adebtor sold his home, bought a boat, moved onto theboat,....the boat
would be exempt, and theboat/motorhome/ could be resold after the
The post was migrated from Yahoo.