Friday, February 05, 2016
7th Circuit: Valuable Copy of Book of Mormon Exempt In Bankruptcy Under Illinois Law
In In re Robinson, (7th Cir., Feb. 4, 2016), the U.S. 7th Circuit Court of Appeals, in a bankruptcy case, held that under Illinois law, a debtor's copy of a rare, first edition Book of Mormon is exempt from attachment by creditors. The court held that the exemption in Illinois law, 735 ILCS 5/12-1001(a), for the debtor's bible does not limit the debtor to retaining only one bible, nor does it limit the exemption to a bible of a particular value. St. Louis Post-Dispatch reports on the decision.