Peake v. Ayobami, No. 16-20589 (5th Cir. 2018)Annotate this Case
A debtor claiming federal exemptions under section 522 of the Bankruptcy Code may exempt a 100% interest in an asset in certain cases because the relevant provisions of section 522 cap the value of the asset a debtor may exempt, not the debtor's interest in that asset. The Fifth Circuit answered the certified question and thus returned the case to the bankruptcy court for further proceedings.