In re Holt

Ruling: 
Debtor could not claim state exemptions in note payable to LLC rather than in distributional interests in LLC.
Issue: 
Could debtors claim state exemptions in note payable to LLC of which each had held a 50 percent interest and still had distributional interests.
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Consumer case opionion summary, case decided on September 12,2013, LexisNexis #1013-010