Tool Rule

April 4, 2014

  • 51 Bankruptcy
  • 51VI Exemptions
  • 51k2784 Lien Avoidance
  • 51k2789 k. Tools of Trade.

51 BankruptcyChapter 7 debtors’ liquor license did not qualify as a “tool of the trade” for lien avoidance purposes; liquor licenses are not personal tools of modest value like rakes and other hand tools.

In re Nickeas, 503 B.R. 453 (Bkrtcy W.D. Wis. 2013)

Suggested by Jill Bergquist, Principal Attorney Editor; Thomson Reuters; Eagan, Minn.