12-06.Real property claimed as exempt by debtor.
The marketability of title to real property claimed as exempt by a debtor in a bankruptcy proceeding is not adversely affected if the following should appear of record:
(1)The petition in bankruptcy of the title holder;
(2)The certificate of commencement of a case under Title 11, United States Code;
(3)That portion of the schedules of the debtor reflecting that the property involved was listed and claimed as exempt;
(4)The certificate of the clerk of the bankruptcy court or the clerk of the United States District Court showing that no objections to the debtor's claim of exemptions were filed, or an order of the Bankruptcy Court or United States District Court determining that the property was properly exempt.