Bankruptcy Judge: Trustee May Sell Mineral Rights To Oil, Gas Under Debtors’ Home
Mealey's (June 18, 2015, 4:33 PM EDT) -- AKRON, Ohio — A federal bankruptcy judge in Ohio on Sept. 17, 2014, granted a bankruptcy trustee’s motion seeking to sell a debtor couple’s oil and gas mineral rights on grounds that the rights are property of the bankruptcy estate and not subject to protection under the homestead exemption provision of the Bankruptcy Code (In Re: Helen Way, et al., No. 12-60209, N.D. Ohio Bkcy.; 2014 Bankr. LEXIS 3985).
(Opinion available. Document #94-141014-012Z.)
In 2012, Helen and David Way filed for Chapter 7 bankruptcy in...