Rising Home Values and Chapter 13: A Deepening Split
When, post-confirmation, a chapter 13 debtor sells his or her home, who gets the benefit of the appreciation: the debtor, or his or her creditors? Judge Randon in Michigan adopted the so-called “estate replenishment approach” and held that sale proceeds derived from post-confirmation appreciation of a home belong to the debtor.
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Case Details
Case Citation
In re Elassal, 2023 WL 5537061 (Bankr. E.D. Mich. Aug. 28, 2023).
Case Name
In re Elassal
Case Type
Consumer