Property Equalization Payments Cannot Be Exempted in Bankruptcy

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2007
Federal Court
5th Circuit
United States Court of Appeals

Summary

The U.S. Court of Appeals for the Fifth Circuit reversed the bankruptcy court’s decision that permitted Evert to exempt under sec. 522 a promissory note she received from her former husband under their divorce decree. The court found that alimony was addr ...

See Also

In the Matter of Elizabeth Ann Evert (Debtor): Marsha G. Milligan v. Elizabeth Ann Evert

The U.S. Court of Appeals for the Fifth Circuit reversed the bankruptcy court’s decision that permitted Evert to exempt under sec. 522 a promissory note she received from her former husband under their divorce decree. The court found that alimony was addr ...