(6th Cir B.A.P. July 22, 2015)
The bankruptcy appellate panel affirms the bankruptcy court's determination that the debtor was not entitled to claim the Ohio homestead exemption for his 46-foot boat. While the statute permits the homestead exemption to be applied to personal property, the bankruptcy court determined that the trustee met his burden of rebutting the presumption that the exemption was allowable and the debtor failed to establish that the boat was his primary residence. Opinion below.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
