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Home / Opinion Digests / Bankruptcy – Partnership Interest – Homestead Exemption – Nominal Value (access required)

Bankruptcy – Partnership Interest – Homestead Exemption – Nominal Value (access required)

In these consolidated appeals from rulings of the bankruptcy court issued by two different judges with conflicting results, where the debtors have valued exempt interests in their separate partnerships at $1 and $10 respectively, debtors have not thereby exempted the entire amount of their interst in the partnerships, but are limited to the precise value ...