Tag: adjacent property

Bankr. E.D.N.C.: In re Regenhardt- Homestead Exemption for Adjacent Property


Mr. and Mrs. Regenhardt sought to claim their residence and the adjacent property as fully exempt under the available homestead exemption, with the Trustee asserting that the adjacent property was not part of the homestead and only partially exempt using their wildcard.

In reviewing the case law from the district, specifically In re Stox, No. 10-08123-8-RDD, 2011 WL 5902882, at *6 (Bankr. E.D.N.C. May 27, 2011) and In re Rogers, No. 16-02884-5-JNC, 2016 WL 5794707, at *4 (Bankr. E.D.N.C. Oct. 3, 2016), the bankruptcy court reiterated that the controlling facts in determining whether adjacent property was part of the homestead “was the actual use of the subject properties through and as of the petition date, not a past simultaneous acquisition in one deed.” Based on testimony from Mr.… Read More

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Bankr. E.D.N.C.: In re Rogers- Denial of Homestead Exemption in Adjacent Property


Ms. Roger inherited real property from her mother, which included a residence and a building originally used as a country store, which was subsequently renovated into a residential rental property. After obtaining a mortgage against the entire property, Ms. Rogers, with the consent of the lienholder, subdivided the residence and the rental properties. Upon filing Chapter 13, Ms. Rogers claimed both properties under her homestead exemption, as the two were previous a single parcel and the rental property produced revenue necessary for payment of taxes and insurance on both.

Relying on both the definitions of the term “residence” from the dictionary and the Bankruptcy Code at 11 U.S.C.… Read More

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