From the Editor – Property of Estate and Exemptions • NACTT Academy

From the Editor – Property of Estate and Exemptions

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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