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In re Ross (Case No. 20-50885) 11/22/2021

A debtor, who is both a farmer and a school principal, claimed a $10,000 exemption in farming equipment pursuant to Virginia Code section 34-26(7). The chapter 7 trustee objected, arguing that exemptions claimed under Virginia Code section 34-26(7) are limited to a debtor’s primary or principal occupation or trade. Because the language of the statute does not limit the exemption to a debtor’s primary or principal occupation or trade, the Court overruled the trustee’s objection.

Date: 
Monday, November 22, 2021
Category: 
Chapter 7 Issues
Exemptions
Chapter: 
7