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The conversion of a bankruptcy case from Chapter 11 to Chapter 7 does not trigger a new period for filing objections to property claimed as exempt, the 2nd U.S. Circuit Court of Appeals ruled in a case of first impression. The appellate court rejected the reasoning of the bankruptcy judge allowing the triggering of a new filing period, finding it "incompatible with both the language and the purposes of the code."
September 25, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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