Reinvesting homestead proceeds must be towards a new home
- Bankruptcy Lawyer
- Oct 5, 2021
- 1 min read
If you sell your home while in bankruptcy, and you reinvest the proceeds into a new home within 6 months, the homestead exemption survives. However, if you reinvest your proceeds into a home you already owned at the time of filing bankruptcy, the proceeds are not exempt.
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