Barnett v. United States (In Re Barnett)

MEMORANDUM OPINION

JOHN FLOWERS, Bankruptcy Judge.

In this chapter 13 case the Farmer’s Home Administration (“FmHA”) complains that the Debtor, Barnett, is only entitled to a statutory 100 acre rural homestead exemption from the satisfaction of its claims. Debtor argues that he is entitled to a 200 acre exemption. I agree, and hold that Barnett is entitled to claim 200 acres as his homestead. FmHA next asserts that the Debtor is entitled to a $15,000 personal property exemption that is to be calculated by using the sum of the fair market value of the exempt personalty. Barnett counters with the…