In re Van Erem
Mar 18, 2015OUTCOME: The Court found in favor of the Debtor, ruling that the funds were not used to hinder, delay or defraud. The unlimited homestead exemption survived.
Chapter 7 Trustee sought return of funds used to invest in homestead upon moving to Texas under Section 522(o). Trustee argued that the funds were used with intent to hinder, delay or defraud his large ... st creditor. His largest creditor was his former employer who gave Debtor upfront bonus upon employment. Debtor left employer prior to the contract completion, but used some of the hiring bonus money to buy house once he moved to Texas
