Wednesday, August 9, 2017

Debtor Cannot Assert Homestead Exemption For Residence Owned By LLC In White

The Utah Court of Appeals has held that a debtor's residence held in an LLC is not entitled to the Utah homestead exemption although the debtor occupied the property, since an LLC is not an "individual" that is entitled to the exemption.

from Forbes Real Time http://www.forbes.com/sites/jayadkisson/2017/08/09/debtor-cannot-assert-homestead-exemption-for-residence-owned-by-llc-in-white/
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