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.
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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