Supreme Court rules objection to bankruptcy exemption not required to recover excess value

[JURIST] The US Supreme Court [official website; JURIST news archive] on Thursday ruled [opinion, PDF] 6-3 in Schwab v. Reilly [Cornell LII backgrounder; JURIST report] that a trustee assigned to a Chapter 7 bankruptcy [Cornell LII backgrounder] case is not required to object to the exemptions made by the debtor in order to preserve the e...

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