Quantcast

Tag Archives: exemption

Debtor’s Mercedes may qualify for Calif. exemption

A Chapter 7 debtor’s luxury automobile may qualify for California’s so-called “wildcard” or “grubstake” exemption, the 9th U.S. Circuit Court of Appeals has ruled in affirming judgment.

Read More »

Bankruptcy trustee entitled to asset appreciation

The bankruptcy trustee was entitled to the post-petition appreciation in the value of estate assets that surpassed the amount of “wildcard” exemptions claimed by a Chapter 7 debtor, the 3rd Circuit has ruled in affirming judgment.

Read More »

Debtor can claim federal bankruptcy exemptions

Florida’s “opt-out” statute did not apply to preclude a debtor from claiming federal bankruptcy exemptions after he move out of state, the 5th Circuit has ruled in affirming judgment.

Read More »

Life insurance isn’t exempt in bankruptcy

A debtor couldn’t claim the proceeds of her husband’s life insurance policies as exempt property in her bankruptcy case, the 6th Circuit Bankruptcy Appellate Panel has ruled in reversing judgment.

Read More »