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Home / Verdicts & Settlements / Stock qualified as ‘family heirloom’ exemption in bankruptcy case – $4,400 Verdict (access required)

Stock qualified as ‘family heirloom’ exemption in bankruptcy case – $4,400 Verdict (access required)

This case involved a challenge to a debtor’s Virginia exemption of stock in a company that owned hunting real estate as a “family heirloom.” The issue was whether the stock ownership was a family heirloom and, further, if intangible personal property (in this case stock) could be a family heirloom at all. The court ruled ...