by Paige Wright
One of the most common questions our clients have before filing a bankruptcy case is, “Can I keep my guns?” Until recently, many people chose not to file Chapter 7 bankruptcies for fear of losing firearms. Fortunately, a recent court decision in Missouri expanded protections for guns in bankruptcy cases.
Licata Bankruptcy Firm represented clients that owned two shotguns and a rifle. The bankruptcy trustee appointed to administer the client’s case case argued the guns should not be considered “household goods.” Had the trustee won his argument, the clients would have had to pay additional money into their bankruptcy case. Attorney Paige Wright argued that the client’s guns were used for hunting and household protection and the client should not have to pay more money to the trustee. The bankruptcy court agreed and the Firm’s clients were not required to pay any additional money into their bankruptcy case.
This case has been a huge win for our clients. It allows individuals to file a bankruptcy case without fear of losing their guns so long as the firearms are used for hunting or household protection.
If you have questions about bankruptcy in Southwest Missouri, feel free to contact our office for a free and confidential consultation. We are here to help. Follow us on Facebook