by William Houston Brown, Adviser, Academy for Consumer Bankruptcy Education, Inc. The Senate Judiciary Committee held a hearing on August 3, 2021, on student loans, and during the Committee hearing, Senator Durbin, Chair of the Committee, stated that he would be introducing an Act to amend student loan discharge provisions in the Bankruptcy Code. That Act was subsequently introduced by...
Critical Case Comment: Massey v. Pappalardo
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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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