Crabtree v. McDermott, No. 16-6028 (8th Cir. 2017)
Annotate this CaseDebtors challenge the bankruptcy court's order and decision sustaining the trustee's objection to debtors' claimed homestead exemption. 11 U.S.C. 522(o) requires the bankruptcy court to determine the extent to which the improvements debtors made to their homestead increased the value of debtors' interest in their homestead. The panel concluded that the bankruptcy court failed to do so in this case, and the panel remanded for the bankruptcy court to make this determination.
Court Description: Nail, Author, with Federman, Chief Judge, and Saladino, Bankruptcy Judge] Bankruptcy Appellate Panel. Section 522(o) requires the bankruptcy court to determine the extent to which the improvements debtors make to their homestead increased the value of debtors' interest in their homestead; here, the bankruptcy court failed to do so, and the matter is remanded to allow the bankruptcy court to make this determination. [ January 23, 2017
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