When you file bankruptcy, can you a claim a homestead exemption for the home you are not planning to keep?

Victoria Maydanik News about Bankruptcy Laws

Yes.  In an interesting new update,  U.S. 6th Circuit Court of Appeals recently held in Re Wengerd that the debtors rightfully claimed homestead exemption for their property, even though at the time the bankruptcy petition was field, they had a pending contract to sell the property. As a side note, …