Bankruptcy - Exemption Protection
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Case Details
The First Circuit Court ruled that the 'complete snapshot rule' governs the effective date of exemptions, meaning exemptions are determined at the time of filing and cannot be lost later due to changed circumstances.
Additional Notes
Case reference: Rockwell v. Hull (1st Cir. 7/30/20), Case No. 19-2074. First Circuit affirmed 'complete snapshot rule' for exemptions in bankruptcy.