Loventhal v. Edelson

(7th Cir. Dec. 21, 2016)

The Seventh Circuit affirms the bankruptcy court’s judgment that certain real property of the debtor was exempt because it was held in a tenancy by the entirety under Illinois law. The creditor argued that the tenancy by the entirety was severed when the real property had been transferred to a trust prepetition. The Seventh Circuit examines applicable Illinois statutes and concludes that the transfer did not sever the tenancy by the entirety. Opinion below

Judge: Posner

Attorney for Debtor: Kofkin Law, Scott J. Kofkin

Attorneys for Creditor: Schwartz & Kanyock, Andrew R. Schwartz, Karen Irene Jeffreys Bridges

2016-12-21-loventhal-v-edelson

Author: Matt Lindblom