News

Court Rules On Homestead Exemption

View Comments
File photo of a courtroom. (credit: Joe Raedle/Getty Images)

File photo of a courtroom. (credit: Joe Raedle/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

(Carson City, NV) — The Nevada Supreme Court says a debtor can’t claim a homestead exemption unless he or she lives in the home.

In a unanimous decision, Justices ruled David Nilsson could not claim the exemption for a home he bought with his ex-wife, even though she and their three children still live there.

A bankruptcy judge challenged the homestead exemption, after learning Nilsson moved out of the home in 2006.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,122 other followers