IN RE RASMUSSEN

No. 8:05-bk-20277-MGW.

349 B.R. 747 (2006)

In re Alfred Thomas RASMUSSEN and Billie Jo Rasmussen, Debtors.

United States Bankruptcy Court, M.D. Florida, Tampa Division.

September 8, 2006.


Attorney(s) appearing for the Case

Christopher D. Smith, Esq., Christopher D. Smith, P.A., Sarasota, FL, for Debtors.


MEMORANDUM DECISION AND ORDER OVERRULING TRUSTEE'S OBJECTION TO DEBTORS' HOMESTEAD EXEMPTION

MICHAEL G. WILLIAMSON, Bankruptcy Judge.

Under Florida law, debtors have an unlimited homestead exemption. However, new section 522(p) of the Bankruptcy Code1 now caps the amount of a homestead exemption at $125,000 if a debtor acquires an interest in a homestead within 1,215 days of filing for bankruptcy. The debtors...

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