Trustee catnip

October 11, 2011

  • 51 Bankruptcy
  • 51VIII Trustees
  • 51k3008 Powers, Duties and Fiduciary Capacity
  • 51k3009 k. Representation of Debtor, Estate, or Creditors.

51 BankruptcyTerm “100% of FMV” on debtor’s exemption schedule should be like catnip to trustee; it should grab trustee’s attention and warrant an analysis to determine whether asset in question could conceivably be worth more than statutory exemption ceiling.
In re Massey, 2011 WL 3047960 (Bankr. D. Mass. July 25, 2011)
Suggested by Barbara Bozonie; West Principal Attorney Editor