Debtor Seeks High Court Reversal, Says Exempt Property May Not Be Surcharged

Debtor Seeks High Court Reversal, Says Exempt Property May Not Be Surcharged

WASHINGTON, D.C. - A Chapter 7 debtor whose case is pending before the U.S. Supreme Court filed a brief, which was made available on Sept. 3, arguing that the high court should reverse and remand a ruling by the Ninth Circuit U.S. Court of Appeals on grounds that the punishments Congress has authorized in bankruptcy are "sufficient to deter improper conduct" and that the bankruptcy court did not need to levy a surcharge on his residential property (Stephen Law v. Alfred Siegel, No. 12-5196, U.S. Sup.).

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