Missouri debtors can exempt unliquidated personal-injury claims from their bankruptcy estates despite federal caselaw holding otherwise, according to the Missouri Court of Appeals.
The would-be debtor argued that opinions from the 8th U.S. Circuit Court of Appeals and the U.S. Bankruptcy Court for the Western District of Missouri misinterpreted Missouri law and should not be followed.
(This article was originally published in The Daily Reporter, Milwaukee, Wisc., another Dolan Media publication.)
A discharged debtor can't turn around and file a lawsuit based on a claim he failed to list as an unliquidated asset.