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IN RE KANE

No. BK-S-05-17401-BAM.

336 B.R. 477 (2006)

In re Steven C. KANE dba Ideal Office Interiors, Inc. and Linda Siegel Kane dba Office Interiors, Inc., Debtor.

United States Bankruptcy Court, D. Nevada.

January 12, 2006.

Attorney(s) appearing for the Case

David Winterton, Esq., Las Vegas, NV, for Debtor.

James F. Lisowski, Sr., Las Vegas, NV, for trustee.

OPINION SUSTAINING TRUSTEE'S OBJECTION TO DEBTORS' HOMESTEAD EXEMPTION

BRUCE A. MARKELL, Bankruptcy Judge.

The debtors in this case, Steven and Linda Siegel Kane, filed a chapter 7 bankruptcy on July 29, 2005. In their schedules, they listed a home in Las Vegas worth $318,000, and noted that it was subject to a $158,000 mortgage, leaving them some $160,000 in equity. Their current schedules claim a homestead exemption in the entire amount of this equity...

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