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