Don't Believe Everything You Read: Filing a Short Form Bankruptcy to Stop a Foreclosure of Your Home Can Be a Very Bad Idea. read more
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The "snapshot rule" holds that exemptions are fixed as of the date the debtor files his or her bankruptcy petition (the "petition date). The rule is based on two decisions of the United States Supreme Court: White v. Stump, 266 U.S. 310 (1924), and Myers v. Matley, 318 U.S. 622. read more