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Bankruptcy Residence – Exemption

Real property need not be a debtor’s principal residence in order to qualify for the $21,625 exemption under 11 U.S.C. §522(d)(1).

In Re: Lawrence, Thomas S., et al. (Lawyers Weekly No. 04-042-12) (5 pages) (Hoffman, J.) (USBC) David M. Nickless, of Nickless, Phillips & O’Connor, for the trustee; Jacob T. Simon, of Liss Law, for the debtors (Chapter 7 No. 11-42045-MSH) (May 2, 2012).

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