The value of a debtor’s interest in entireties property isn’t necessarily 50% of the value of the entire property.
Even under an unfavorable choice of law, a debtor in Connecticut was allowed to enjoy the state’s new $250,000 homestead exemption, even though her debts had accrued before the increase went into effect.
Times are a-changin’ when it comes to setoff against exempt assets.
Aug 2023
