Guns-n-Exemptions – Is a gun a “household good” for purposes of exempting under Section 522(d)(3)?

gunThat is a very good question.  Carol A. Pettit, Legislative Attorney, and Vastine D. Platte, Information Research Specialist, on behalf of the Congressional Research Service (CRS) answer this question in great detail in a 2011 paper entitled Exemptions for Firearms in Bankruptcy.  CRS is a “think tank” that provides reports and memoranda to members of Congress on a variety of topics relevant to current policy issues and events.  Comprehensive analyses of complex topics are provided to Congress upon request.   The agency also provides workshops, seminars and expert congressional testimony.    Its first duty is to help Congress meet its responsibilities at every stage of the legislative process.

No Author Biography has been linked to this Article.

Related Articles

Academy-emeritus-Logo-gold3
August 25, 2024
As a follow up to No Gracie, LLCs May Not File Chapter 13, we posed some questions to the NACTT Emeritus Trustees group. We think you will find their answers interesting and thought provoking.
Members
Academy-emeritus-Logo-gold3
August 11, 2024
Although few are filed, and rarely granted, motions for the recusal of a bankruptcy judge are quite serious. We asked our Emeritus Trustee Committee for their opinion and comments on recusal motions.
Members
moran_cathy
October 8, 2023
An article we run about this time each year . . . Do you have clients in an active Chapter 13 plan paying back mortgage payments that were delinquent when the case was filed? There could be a significant tax deduction hidden in there somewhere. Learn how to find it.
Members
August 4, 2019
By Jan Hamilton, Standing Chapter 13 Trustee (Topeka, KS) I just got back from RAGBRAI, which is a bicycle ride across Iowa. This year, it was 468 miles, with lots and lots of hills. (Biking Across Kansas was over 500 miles this year.) Such beautiful country. Estimates vary on actual number of riders, but anywhere from 16,000 to 20,000. Iowa...
leffler4
June 30, 2024
“As they begin applying for new credit, many may find that debts included in their bankruptcy are not being properly reported as discharged. . . . The CRA may correct the reporting as a result of this thorough dispute, making you look like a genius to your client and hopefully generating some future referrals to your law firm.”
Members
April 25, 2021
(Song by Joni Mitchell – first recorded by Judy Collins in 1968) By Merideth Akers, CPA, PHR, Comptroller for Bradford W. Caraway (Birmingham, AL) In the simplest terms, bankruptcy has two sides. The debtor is on one side, and the creditor is on the opposite side. Although there are opposite sides in bankruptcy, the system is designed to be non-adversarial....
Members
moran_cathy
February 4, 2024
You know it won’t go well for the creditor in a discharge violation when the opinion opens by characterizing the debtor as a single mother and registered nurse who discovers her $20k bank balance is now negative.
Members
December 20, 2020
By Cathy Moran, Esq., Moran Law Group (Redwood City, CA) On its face, Diaz (Diaz v. Viegelahn, No. 19-50982 (5th Cir. Aug. 26, 2020)) is a pretty straightforward decision that struck down a local form plan as violating a below-median income debtor's right to use her tax refund to finance necessary expenses for maintenance and support. On a deeper level,...
Members
KIMBALL
October 8, 2023
“In most cases, debtor’s counsel addresses only the argument that the debtor’s personal or financial affairs have substantially changed since dismissal of the preceding case.”
Members
Copy of Hildebrand-2016
June 12, 2022
A new day is coming to high debt borrowers seeking to file Chapter 13 but confounded by the debt limits imposed by 11 U.S.C. § 109(e). Although debt limits have been increasing since the effective date of the Code in 1979, consumer debts have been increasing at a far more rapid rate. Starting in 2009, when the housing crisis first...
Members

Looking to Become a Member?

ConsiderChapter13.org offers a forum to advance continuing education of consumer bankruptcy via access to insightful articles, informative webinars, and the latest industry news. Join now to benefit from expert resources and stay informed.

Webinars

These informative sessions are led by industry experts and cover a range of consumer bankruptcy topics.

Member Articles

Written by industry experts, these articles provide in-depth analysis and practical guidance on consumer bankruptcy topics.

Industry News

The Academy is the go-to source for the latest news and analysis in the Chapter 13 bankruptcy industry.

To get started, please let us know which of these best fits your current position: