U.S. Court of Appeals for the 9th Circuit
Mar. 6, 2013
Circuit: Debtor can avoid lien on Mercedes used for work
A debtor can avoid a lien on a motor vehicle -- even a Mercedes -- if it is a "tool of the debtor's trade," the 9th U.S. Circuit Court of Appeals ruled Tuesday.
By Emily Green
Daily Journal Staff Writer
A debtor can avoid a lien on a motor vehicle -- even a Mercedes -- if it is a "tool of the debtor's trade," the 9th U.S. Circuit Court of Appeals ruled Tuesday.
The court said that a Southern California real estate agent who filed for bankruptcy was entitled to keep her Mercedes because it fell under California's "wildcard exemption," which allows debtors to keep certain property. The court cites the California statute ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In