Consumer Bankruptcy Journal Spring 2016 | Page 39

NEW OPINION ON NEW FORMS & EXEMPTIONS Judge Isgur’s guidance suggests that trustees need to be on their toes investigating valuations with more care where the debtor uses this tool. But he declines to “narrow” Schwab to make the trustee’s life easier. In turn, the debtor needs to define and disclose assets with sufficient detail to assure that any particular asset comes within the definition and dollar caps for any particular exemption. But if they do so, as with the real property in Ayobami, National Association of Consumer Bankruptcy Attorneys Spring 2016 then the “100% of FMV up to statutory