Justices Decline Case on Bankrupt Homeowner’s Property Split

March 29, 2021, 1:34 PM

The U.S. Supreme Court decided not to take the case of a Florida man who sought state court review of the way a federal bankruptcy court split the proceeds from the sale of his lakefront home.

The justices March 29 left intact a September 2020 decision from the U.S. Court of Appeals for the Eleventh Circuit that rejected William Cole Jr.'s challenge to an order that he keep only 16.95% of the proceeds after selling the property to pay off creditors in bankruptcy.

The appeals court also upheld the bankruptcy court’s determination that Cole couldn’t split his property into one...

To read the full article log in.

Learn more about a Bloomberg Law subscription.