blog home Recent Cases Masingale v. Muding (In re Masingale), ___BR___ (9th Cir. BAP 11/2/22), appeal 22-1016

Masingale v. Muding (In re Masingale), ___BR___ (9th Cir. BAP 11/2/22), appeal 22-1016

By Los Angeles Bankruptcy Attorney on November 3, 2022

Masingale v. Muding (In re Masingale), ___BR___ (9th Cir. BAP 11/2/22), appeal 22-1016; for publication 9th Cir BAP decision is important, because BAP rules that by claiming exemption of ‘100% of FMV’ of asset (usually homestead exemption, but could be something like stock) debtors keep postpetition appreciation in exempt assets.

Note that for debtors in California, using California exemptions, this result is the result required by the amended California exemption law, which takes effect for bankruptcy cases filed after 1/21/23.

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