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Home / Opinion Digests / Bankruptcy – Plan Confirmation – Real Property Exemptions – Liquidation Test (access required)

Bankruptcy – Plan Confirmation – Real Property Exemptions – Liquidation Test (access required)

A bankruptcy court allows debtors a $13,000 exemption in the Roanoke property where they presently reside, but denies a $7,000 exemption in real estate in Georgia, and in order to pass the liquidation test under 11 U.S.C. Sect. 1325(a)(4), the court accepts the trustee's recommendation to extend debtors' Chapter 13 plan from 36 months ...