Bankruptcy Exemptions
Jun 21, 2017OUTCOME: The oral objection was overruled on procedural grounds.
Had a client in a chapter 13 case. At time of filing they had very little equity in home. Several years later they wanted to sell their home. However, the home appreciated above the claimed exemptio ... ns. We amended the schedules A/B & C to claim the increased equity. We served all parties in interest. Bankruptcy Rule 4003 allows a party in interest to object to the claimed exemptions within 30 after the meeting of the creditors is concluded or after any amendment, whichever is later. No one objected within the 30-days. Trustee objected at the hearing.