Supreme Court Holds Statutory Exemption Language Inviolable

In a recent 9-0 opinion, Law v. Siegel, 571 U.S. ___ (March 4, 2014), the U.S. Supreme Court held that a bankruptcy court has no equitable authority to override statutory protections, reversing a Ninth Circuit decision allowing a bankruptcy trustee to surcharge a debtor’s exempt property to reimburse the trustee for fees incurred as a… Continue reading Supreme Court Holds Statutory Exemption Language Inviolable