Popa v. Peterson

MEMORANDUM AND ORDER

MANNING, District Judge.

This matter is before the court on the appeals of Appellants Luciano Popa (“Popa”) and the United States of America on behalf of the Internal Revenue Service (“IRS”) from a judgment of the bankruptcy court determining that: (1) Popa’s wife' (“Spouse”) was not entitled to a homestead exemption on certain real property under 735 ILCS 5/12-901 because Popa, not his Spouse, held title to that real property, and (2) Trustee, Ronald R. Peterson, was entitled to consider, on behalf of the estate, for purposes of evaluating the estate’s equity, a capital…