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Bankruptcy – Exemption; Limited Partnership Units
admin//August 6, 2012//
Listen to this articleWhere a bankruptcy court denied a debtor’s claim for an exemption for limited partnership units that she received from her employer, the judgment is reversed and remanded to determine whether the amount of the debtor’s interest in the plan over the statutory limit is necessary for her support because the partnership unit plan was similar to the types of plans specified in the statute and liberal interpretation of the statue exempts the debtor’s interest up to a maximum of $66,000. Judgment reversed.
12-6003 Foellmi v. Ries, appealed from U.S. Bankruptcy Court, District of Minnesota, Venters, B.J.
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