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IN RE BOBBITT

Bankruptcy No. BK-3-74-373-F.

3 B.R. 372 (1976)

In re Harold Dodson BOBBITT and wife, Jo Ann Bobbitt, Bankrupts. Harold C. ABRAMSON, Trustee, Plaintiff, v. Harold Dodson BOBBITT and wife, Jo Ann Bobbitt, Defendants.

United States District Court, N.D. Texas, Dallas Division.

March 30, 1976.

Attorney(s) appearing for the Case

W. D. Masterson, Dallas, Tex., for plaintiff.

James S. Mahon, Dallas, Tex., for defendants.

MEMORANDUM OPINION AND ORDER

ROBERT M. HILL, District Judge.

The bankrupts in this case ("Bobbitts") filed a voluntary petition in personal bankruptcy in August, 1974. The Bobbitts' principal asset was their home for which they claimed a homestead exemption. The home was purchased in 1969 for $121,222.44 at a time when the lot, exclusive of any improvements, was valued at $20,000. At the time of bankruptcy the Bankruptcy Court found that the lot had increased...

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