- Joined
- Nov 13, 2019
The court couldn't care less if it's over the exempt amount. They have no discretion to say "well fuck the law, you creditors are entitled to the money but I just don't feel like following the law because poor, poor pigroach."
Nick wasn't given a hard number to run with on what the equity is with the correct property evaluation so that may have influenced his assessment. Maybe he was just assuming that it would come in well under the exemption when all was said and done. After hearing what he had to say I'm just not so sure it will be as cut and dry as $1 of equity over the limit and the house gets sold. There may also be other ways of getting extracting the nonexempt value from the estate without actually liquidating the house but that's just me speculating about something I know nothing about. I'll give it another listen through some time later to make sure I didn't misinterpret what he actually said.
For me it just caused me to relax my expectations a bit because if there is one thing we should all accept about the legal system is that it is completely incompetent, mostly by design.