[CLBS] Homeowners exemption

[Randal French]

I think you are better off to convert before the client sells, if you can.  If you sell first, there is an argument that your clients must reinvest the sales proceeds in a new homestead within one year or the homestead exemption ends.

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________________________________
From: CLBS <clbs-bounces at admws.idaho.gov> on behalf of Shawn Miller <shawngmillerlaw at gmail.com>
Sent: Monday, April 15, 2019 2:01:49 PM
To: Bankruptcy list
Subject: [CLBS] Homeowners exemption

Listmates,

I have a chp 13 client with a motion to sell their house.  Once the house
is sold and their exemption is returned to them, can the case be converted
to a chapter 7 and still protect their property exemption?  Any help would
be appreciated.

--
Miller Law PLLC
6901 W. Emerald St. Ste 203
Boise, ID 83704
Phone: 208-901-1647
Fax:208-906-8667
Email:  shawngmillerlaw at gmail.com

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