Thursday, March 17, 2011

163 Exemptions from BK Prof Blog

Westlaw “Headnote of the Day” -- Chapter 7 "vehicle" ?

163 Exemptions

163I Nature and Extent

163I(C) Property and Rights Exempt

163k44 k. Vehicles and Teams.

Parts which Chapter 7 debtor had collected from various sources, and which, while they had never been assembled, would, if assembled, comprise a working automobile, did not constitute a "vehicle," for purposes of Oregon exemption statute; while exemption statute was to be liberally construed, liberal construction could not transform pile of parts into automobile.

In re McMillin, 441 B.R. 348 (Bankr. D. Or. 2010)