Konczal on the Unlikely Marriage of NRA and FinReg

Stick to Your Guns

June 30, 2010, 3:59 PM ET

By Patrick Fitzgerald for WSJ's Bankruptcy Beat

gun_E_20100630155437.jpgEveryone knows you can lose your shirt in bankruptcy, but if an Ohio congressman gets his way you can hold onto your guns.

Rep. John Boccieri (D., Ohio) is pushing legislation, dubbed The Protecting Gun Owners in Bankruptcy Act of 2010, which would exempt firearms from the claims of creditors.

“Specifically, the measure would permit firearms held primarily for the personal, family or household use of the debtor to be exempt from the claims of creditors under federal exemption law,” Boccieri wrote in an April letter to colleagues. You can read the whole letter here, on Mike Konczal’s Rortybomb blog.

Boccieri’s office didn’t respond to calls seeking comment. But NRA spokeswoman Rachel Parsons confirmed the existence of the legislation and said the association is backing it.

Of course, federal bankruptcy law already puts all sorts of household items – from pets to jewelry – outside the grasp of creditors. States have their own exemptions, and indeed 10 already have some type of gun exemption for people who file for bankruptcy protection.

Over at Creditslips, Georgetown law professor Adam Levitin explains why he thinks the proposal is a bad idea. But Konczal gives at least one reason to back the proposal: “The gun lobby gets everything…And if we can get the NRA to go against the banking lobbyists…we just might have a chance.”

Comments (8)Add a comment

I just Microsoft Office 2010 this procedure on Download Office 2010 one of my associates Office 2010 Key appliance and established Office 2010 Download the new Office 2010 Professional . The major Microsoft Office 2010 Download benefit is that by using Office 2007 Key propel you will be Download Office 2007 adept to establish Microsoft Office 2007 Professional . You can furthermore Microsoft Office 2007 Download use this bootable propel Microsoft Office 2011 computer who Windows 7 storage disc optical drive.The Microsoft Windows 7 procedure is very Win 7 and you can use Download Windows 7 without any hassles Buy Windows 7 .

Your article is very exciting and informational. I am trying to decide on a career move and this has helped me with one aspect. Thank you so much!
Promo Pens

These kind of post are always inspiring and I prefer to read quality content so I happy to find many good point here in the post, writing is simply great, thank you for the post
short funny jokes

Your post had provided me with another point of view on this topic. I had no idea that things can work in this manner as well. Thank you for sharing your perspective.
Body Painting West Palm Beach

I am happy to find so many useful information here in the post, we need develop more strategies in this regard, thanks for sharing.
collapsible bulk containers

This specific dre beats headphones truly is a one particular good in addition to styles complete ratio connected with mega remain detox beats headphones, thoughts design a lot more organic, senior high school largemouth bass any a lot more healthy beats mixr headphones, almost all essential connected with modeling highly intelligent studio beats, quite choice one particular connected with solo beats, truly foreign deal massive that excellent connected with item, visible dr dre headphones uk. You should consider in addition to obtain Colossal colossal wind turbine master platinum with regard to dre studio headphones could be a precise music-lover's really worth provided that it offers to supply you merely just how every earphone dre solo headphones within the market needs to be featuring although exclusively very few may shockingly accomplish: to help you choose up acustic and also the choice of really should.

Buy customized polo outlet online for creating unique identity cheap polo shirts PSM Sportswear materials an array of customized polo outlet store and other marketing attire polo factory store that will help you type your online business within the polo factory outlet. You are able to pick out polo outlet store from your large a number of options this ralph lauren outlet could help your marketing needs Abercrombie Fitch outlet and also create your company Hollister outlet much more seen in your zeroed in on consumers Lacoste outlet. Being among the best manufacturers regarding customized ralph lauren outlet online, we could give all of your need at the significant salvaging http://www.poloshopstore.com.

This can be for particular as Karen Millen sale these boots are seriously great mix of purpose and fashion! on this article, we are heading to carry a closer appear at these must-have boots with an incredible treat.First of all, it is seriously essential to Karen Millen UK create it obvious that why dark sheepskin boots are available to delight individuals style gurus! this can be all attributed to its great efficiency on the two useful and style side, for assured. far more specifically, sheepskin boots would Karen Millen dress be the optimal selection to grace you feet. As its identify suggests, these boots are created of supple twin-faced sheepskin from Australia, recognised as Merino lambskin. attributed towards the dynamics of true sheepskin, these boots will Karen Millen coat embrace your ft snugly with their resilient wool fleecy liner like a organic thermostat. They are breathable, flexible, thermostatic and cozy for an unequal comfort.