New England Biz Law Update
Where debtors claimed exemptions in 100 percent of the full market value of their residence and car, an objection filed by the Chapter 13 trustee was properly sustained based on Schwab v. Reilly, 130 S. Ct. 2652 (2010).
In Re: Massey, Damon, et al. (Lawyers Weekly No. 03-003-12) (17 pages) (Tester, J.) (BAP) Appealed from a decision by Hoffman, J., in the U.S. Bankruptcy Court for the District of Massachusetts. Walter Oney on brief for debtors; Denise M. Pappalardo and Joanne Psilos on brief for the Chapter 13 trustee; David Baker and Tara Twomey on brief for amicus curiae (Docket No. MW 11-060) (Feb. 27, 2012).
