1256 Hertel Avenue Associates, LLC v. Calloway
Court of Appeals for the Second Circuit
1Opinion of the Court
WESLEY, Circuit Judge:
The New York State Legislature amended N.Y. C.P.L.R. 5206 in August 2005, increasing the state’s homestead exemption from $10,000 to $50,000. See 2005 N.Y. Laws ch. 623. The homestead exemption entitles New York debtors to exempt their homes “from application to the satisfaction of a money judgment,” id., and is also available to debtors in bankruptcy proceedings, see N.Y. Debt. & Cred. Law § 282; 11 U.S.C. § 522(b)(3)(A). This appeal requires us to determine whether the 2005 Amendment’s increased homestead exemption applies to judgment liens perfected prior to the…
2Cases cited35 opinions
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