Representatives Tim Griffin (R-AR02) and Mark Critz (D-PA12) have introduced an important bipartisan piece of legislation for those facing the prospect of bankruptcy. The Protecting Gun Owners in Bankruptcy Act of 2011 (H.R. 1181) amends federal bankruptcy law to add personal firearms to the list of permissible exemptions. Under this bill, individuals would be able to retain up to $3,000 worth of personal firearms during bankruptcy proceedings.
Read Original at: The State Column