By Henry E. Hildebrand, III, Chapter 13 Standing Trustee (Nashville, TN) Homeowner association fees that obligate homeowners of condominium and planned unit developments can be a substantial obligation that accrue on a monthly basis. These obligations are generally a burden when a debtor files for bankruptcy relief. To be fair, homeowners’ associations provide a significant benefit to homeowners. Exterior maintenance,...
Critical Case Comment
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By Henry E. Hildebrand, III, Chapter 13 Trustee for the Middle District of Tennessee (Nashville)
The Bankruptcy Code allows even property fraudulently transferred to be the subject of an exemption. In re Hurt, 2015 WL 9592064 (Bankr. E.D. Tenn. December 31, 2015) (Rucker)
Case Summary
In 2012, Troy Hurt and his brother inherited real estate from their mother. The house was slow to sell but a sale was finally closed on May 27, 2015. Troy and his brother split the proceeds, so Troy received a check, payable to him, in the amount of . . .
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