IN RE KONNOFF

No. 2-05-bk-10845-RJH.

341 B.R. 28 (2006)

In re Peter KONNOFF and Debra Konnoff, Debtors.

United States Bankruptcy Court, D. Arizona.

March 29, 2006.


Attorney(s) appearing for the Case

Gary R. Stickell, Phoenix, AZ, for Debtors.

Allison M. Lauritson, Lane & Nach, P.C., Phoenix, AZ, for Jill H. Ford, Chapter 7 Trustee.


OPINION RE: EXEMPTION OF HOMESTEAD PROCEEDS

RANDOLPH J. HAINES, Bankruptcy Judge.

The issue here is whether a debtor must reinvest homestead proceeds within the time required by the state exemption statute in order for them to remain exempt under Bankruptcy Code § 522.1 The Court concludes that Debtors' homestead proceeds that were exempt as of the petition date remain exempt notwithstanding the Arizona exemption statute...

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