Critical Case Comment: Massey v. Pappalardo

By Henry E. Hildebrand, III, Chapter 13 Trustee for the Middle District of TN

Massey v. Pappalardo, 2012 WL 616587 (1st Cir. BAP, Feb. 27, 2012) (Tester)
Where a Chapter 13 Debtor is allowed an exemption up to a specified dollar amount, claiming an exemption of “100% of FMV” is facially defective and the exemption must be disallowed.
Case Summary
The Masseys filed a Chapter 13 case and disclosed that each of them owned a one-third interest with right of survivorship in a home which they valued at $92,000. They also jointly . . .

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