Understanding Bankruptcy Exemptions
1 hour 30 minutes
Learn about the exemptions available under the bankruptcy code.
Whether you are a creditor, represent a debtor or a creditor or are just dying to know about bankruptcy exemptions, this course has something for everyone. This topic will discuss exemptions available under the Bankruptcy Code. There will be discussions on state vs. federal exemptions and their differences. This material will provide a prospective from both a debtor’s point of view and a creditor’s point of view. As important as it is to learn about exemptions from both sides, it is just as or even more important to learn how the bankruptcy trustee is involved, what the trustee is looking for and what duties does the trustee have. Additionally, the speakers will also discuss what happens to property of the estate that cannot be exempted or when a creditor has been successful in objecting to exemptions. This panel will highlight exemptions from a 30,000-foot view and break down the ins and outs of using and objecting to exemptions.
• You will be able to discuss exemptions in a bankruptcy available under 11 U.S.C. §522.
• You will be able to identify what exemptions exist to a debtor, and how choosing the right exemption could affect the case.
• You will be able to recognize as a creditor how to review and object to exemptions in a bankruptcy case and how that could affect your proof of claim and treatment.
• You will be able to describe the trustee’s role regarding reviewing and objecting to exemptions.