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Takahira & Betty Lou Sato, Ch. 7, BK88-691

In Chapter 7, the fair market value of real estate in which a homestead exemption is claimed is its liquidation value. A trustee should not sell such property if, after deducting costs, liens, & the exemption, the estate will receive little or no benefit.

Date: 
Thursday, December 15, 1988
Judge: 
Judge Timothy J. Mahoney (Retired)