Evander Kane Can Shield $170,350 in Home Equity From Creditors

Bankrupt NHL player Evander Kane may shield from his creditors only $170,350 of equity in his $3 million San Jose, Calif., home, a judge ruled.

Judge Stephen L. Johnson’s July 9 order responds to Zions Bancorporation NA’s motion to reject Kane’s request to protect $600,000 under California’s homestead exemption law. The exemption protects a certain amount of a bankrupt debtor’s home equity from creditors’ reach.

Zions alleged that Kane siphoned $600,000 from two properties in Canada and funneled it to a shell company in Florida to buy the home. He then transferred the title to himself on the eve of ...