CFCU Community Credit Union v. Hayward
Court of Appeals for the Second Circuit
1Opinion of the Court
WESLEY, Circuit Judge:
In August 2005, the New York State Legislature amended N.Y. C.P.L.R. 5206 to increase the state’s homestead exemption from $10,000 to $50,000. See 2005 N.Y. Laws Ch. 623. In addition to exempting a judgment debtor’s home “from application to the satisfaction of a money judgment,” N.Y. C.P.L.R. 5206(a), New York debtors are entitled to claim this exemption in bankruptcy proceedings. See N.Y. Debt. & Cred. Law § 282; see also 11 U.S.C. § 522(b)(3)(A). This appeal requires us to determine whether the 2005 Amendment’s increased homestead exemption amount applies…
2Cases cited53 opinions
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- Allied Structural Steel Co. v. SpannausSupreme Court of the United States · 1978
- Energy Reserves Group, Inc. v. Kansas Power & Light Co.Supreme Court of the United States · 1983
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