Are Farm Program Payments Exempt in Bakruptcy?
dc.contributor.author | Harl, Neil | |
dc.contributor.author | McEowen, Roger | |
dc.contributor.department | Iowa State University Digital Repository | |
dc.date | 2018-02-19T01:11:26.000 | |
dc.date.accessioned | 2020-06-29T22:54:03Z | |
dc.date.available | 2020-06-29T22:54:03Z | |
dc.date.embargo | 2017-11-01 | |
dc.date.issued | 2004-02-27 | |
dc.description.abstract | <p>In late January, 2004, the United States District Court for the Northern District of Iowa reversed the bankruptcy court for that district<sup>1 </sup>and held that direct payments under the Farm Security and Rural Investment Act of 2002<sup>2 </sup>were exempt from bankruptcy under Iowa law<sup>3 </sup>and thus were exempt for purposes of bankruptcy. Iowa had opted out of the federal bankruptcy exemptions <sup>4 </sup>with the only exemptions claimable in bankruptcy in the state being exemptions recognized by Iowa law and in non-bankruptcy federal law.<sup>5 </sup>Unless overturned on appeal, the decision is likely to have a substantial impact on exemption determinations in situations where the governing law resembles the Iowa statute.<sup>6</sup></p> | |
dc.identifier | archive/lib.dr.iastate.edu/aglawdigest/vol15/iss5/1/ | |
dc.identifier.articleid | 1720 | |
dc.identifier.contextkey | 10982250 | |
dc.identifier.s3bucket | isulib-bepress-aws-west | |
dc.identifier.submissionpath | aglawdigest/vol15/iss5/1 | |
dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/3196 | |
dc.source.bitstream | archive/lib.dr.iastate.edu/aglawdigest/vol15/iss5/1/AgLawDigest_v15n05_01.pdf|||Fri Jan 14 17:49:42 UTC 2022 | |
dc.subject.disciplines | Agricultural and Resource Economics | |
dc.subject.disciplines | Agricultural Economics | |
dc.subject.disciplines | Agriculture Law | |
dc.subject.disciplines | Public Economics | |
dc.title | Are Farm Program Payments Exempt in Bakruptcy? | |
dc.type | article | |
dc.type.genre | article | |
dspace.entity.type | Publication | |
relation.isJournalIssueOfPublication | f210dccc-93ac-4a7b-82a0-3d08ce7a7db0 | |
relation.isOrgUnitOfPublication | d2bcee6c-7cba-4fa7-bd11-543354ce7b1b |
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