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Third Circuit Defines Bankrupt's Exemption |
June 3, 2004
The U.S. Court of Appeals for the Third Circuit has clarified a bankrupt debtor's exemption in commonly held property. Its interpretation avoided what it characterized as "an absurd result" of a literal interpretation of the Bankruptcy Code.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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