Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Connecticut Sample Letter for Change of Venue and Request for Homestead Exemption
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In an important ruling for personal bankruptcy cases in Connecticut, the Connecticut Supreme Court has ruled that Connecticut's new homestead law, which increased the exempt amount of a ?homestead? from $75,000 to $250,000, can be used to shield the equity in one's home from unsecured debts incurred prior to the law's ...
The maximum property value that can be designated as homestead in Connecticut is $75,000, or for money judgments arising from hospital services, up to $175,000. For a married couple who jointly own a home, the exemption is $150,000 as each has a $75,000 homestead interest in the home.
Connecticut's homestead exemption is found at Conn. Gen. Stat. § 52-352b(21) and protects up to $250,000 in equity in an individual's primary residence from the claims of his or her creditors.
The homestead exemption works in Chapter 7 bankruptcy by allowing a homeowner that files for bankruptcy to protect the equity in their home. The homestead exemption works in Chapter 13 bankruptcy as well.
Homestead Exemption Statute The statute specifies that a person who has legal or beneficial title to homestead property in Florida and actually resides in the home as their permanent residence qualifies for a reduction of up to $50,000 in assessed value for property tax purposes.
