Peake v. Ayobami

A debtor claiming federal exemptions under section 522 of the Bankruptcy Code may exempt a 100% interest in an asset in certain cases because the relevant provisions of section 522 cap the value of the asset a debtor may exempt, not the debtor's interest in that asset. The Fifth Circuit answered the certified question and thus returned the case to the bankruptcy court for further proceedings. View "Peake v. Ayobami" on Justia Law