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Bankruptcy

: The Debt Podcast

Chapter 7 Debtor May Use ?$0? Exemption on Asset Having Unknown Value; Mistaken Exemption Upheld

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Grueneich v. Doeling, 2009 WL 605774 (8th Cir.BAP, Minn., March 11, 2009), held that a chapter 7 bankruptcy debtor can, in good faith, claim an exemption in an unknown amount (”0.00″), if the debtor has good reasons for doubting the value of an asset.  In this case, the Eighth Circuit Bankruptcy Appellate Panel reaffirmed the continuing [...]

Full post as published by The Debt Podcast on March 30, 2009 (boomark / email).

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