The CARES Act, Public Law 116-136 had amended several parts of the Bankruptcy Code, but included sunset provisions terminating March 27, 2021. The COVID-19 Bankruptcy Relief Extension Act of 2021, H.R.1651, passed by the House and Senate and signed by the President on March 27, 2021, extended some provisions for another year. Section 1113 of the CARES Act had amended...
From the Editor – Property of Estate and Exemptions
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By The Honorable William Houston Brown (Retired)
Debtors not barred from claiming further exemption. The court had approved a settlement under the Chapter 7 debtors’ uninsured motorist coverage, including $15,000 exemption under a state exemption for personal bodily injury. Tenn. Code Ann. § 26-2-111-(2)(B). The trustee did not object to that exemption, and the debtors then amended Schedule C to claim further exemption in the settlement proceeds, under a Tennessee statute for general personal property exemption and under Tennessee’s exemption for benefits paid under contracts of accident, health or disability insurance . . .
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Chapman v. Forsyth & Limerick, 43 U.S. 202 (1844)