Jbk Associates, Inc. v. Sill Bros., Inc., Respondents

Summary

The Court approved the district court’s decision that homestead-sale proceeds retained constitutional protection even though the debtor placed part of them in a separate brokerage account and invested in mutual funds and stocks. The Court held that using safe investments did not defeat the debtor’s demonstrated intent to reinvest the proceeds in another homestead within a reasonable time. The Court reaffirmed the governing requirements for protecting voluntary-sale proceeds and applied de novo review.