Supreme Court of Connecticut
In re Cole
July 18, 2023347 Conn. 284
Summary
The court held that the expanded homestead exemption applies to bankruptcy proceedings filed on or after October 1, 2021, even when the debtor's underlying debts accrued earlier. It reasoned that the amended statute contains no carve-out for preexisting debts and that applying the exemption to post-effective-date proceedings is not retroactive legislation, so the statutory presumption against retroactivity does not apply. The court also treated the applicability of the state exemption as a matter of state law for purposes of the certified question.