Malley: Debtor’s Willful Non-Disclosure Of Asset Leads to Surcharge Of A Different Exempt Asset
- Sunday, August 19, 2012, 2:00
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An exempt asset is untouchable by creditors, right? Normally, yes. But sometimes, no. A recent Opinion from the First Circuit in Malley v. Agin, ___ F.3d ____, 2012 WL 3326629 (1st Cir., Aug. 15, 2012) demonstrates the dangers in relying on exemptions to protect assets. In financial difficulty, the Debtor sold his house and
http://www.forbes.com/sites/jayadkisson/2012/08/18/malley-debtors-willful-non-disclosure-of-asset-leads-to-surcharge-of-a-different-exempt-asset/
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