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Bankruptcy

: Bankruptcy Law Network

8th Circuit BAP Resolves Iowa Court Split on Tools of Trade

By Wendell Sherk, Missouri Attorney

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Iowa bankruptcy courts have been split for a decade over a simple question:  Can a consumer exempt a motor vehicle under state law and strip a non-purchase money lien on the car as a tool of trade under bankruptcy law.  That split was resolved in favor of consumers by the 8th Circuit Bankruptcy Appellate Panel [...]

Full post as published by Bankruptcy Law Network on July 07, 2009 (boomark / email).

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