{"id":177269,"date":"2023-03-21T18:26:08","date_gmt":"2023-03-21T22:26:08","guid":{"rendered":"https:\/\/www.gunsamerica.com\/digest\/?p=177269"},"modified":"2023-03-21T18:26:08","modified_gmt":"2023-09-08T18:09:08","slug":"should-you-be-allowed-to-keep-your-guns-if-you-declare-bankruptcy","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/should-you-be-allowed-to-keep-your-guns-if-you-declare-bankruptcy\/","title":{"rendered":"Should You Be Allowed to Keep Your Guns If You Declare Bankruptcy? \u00a0"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large essb-block-image\" data-essb-pin-description=\"H.R. 962 would exempt $3,000 of firearms from a creditor's collection efforts during a bankruptcy filing. \"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" title=\"Should You Be Allowed to Keep Your Guns If You Declare Bankruptcy? \u00a0\" src=\"https:\/\/www.gunsamerica.com\/digest\/wp-content\/uploads\/2023\/03\/H.R.962-1024x571.jpg\" alt=\"H.R. 962 would exempt $3,000 of firearms from a creditor's collection efforts during a bankruptcy filing. \" class=\"wp-image-177270\" srcset=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2023\/03\/H.R.962-1024x571.jpg 1024w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2023\/03\/H.R.962-400x223.jpg 400w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2023\/03\/H.R.962-150x84.jpg 150w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2023\/03\/H.R.962-768x428.jpg 768w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2023\/03\/H.R.962-1536x856.jpg 1536w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2023\/03\/H.R.962-2048x1142.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">H.R. 962, the &#8220;Protecting Gun Owners in Bankruptcy Act,&#8221; was reintroduced last month.  <\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Congresswoman Claudia Tenney (NY-24) reintroduced legislation last month that would make firearms a protected asset when an individual files for bankruptcy. &nbsp;<\/p>\n\n\n\n<p>Well, not every firearm an individual owns would fall under that designation.  <\/p>\n\n\n\n<p>The bill, known as the \u201c<a href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/house-bill\/962\/text?s=1&amp;r=1&amp;q=%7B%22search%22%3A%5B%22H.R.+962%22%5D%7D\" target=\"_blank\" class=\"clickTracking\" campaign=\"should-you-be-allowed-to-keep-your-guns-if-you-declare-bankruptcy\" title=\"Should You Be Allowed to Keep Your Guns If You Declare Bankruptcy? \u00a0\">Protecting Gun Owners in Bankruptcy Act.<\/a>\u201d would only exempt $3,000 worth of guns from a creditor\u2019s collection efforts.&nbsp; (So if you happen to be sitting on any lawfully acquired, pre-86 machine guns, those would probably have to be forfeited due to their estimated value).   <\/p>\n\n\n\n<p>Rep. Tenney argues that because current bankruptcy law grants a list of exceptions to ensure one can maintain a basic standard of living \u2014 including a home, a car, clothing, certain appliances, and even musical instruments \u2014 one\u2019s means of exercising their 2A rights should be added to the list. &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SEE ALSO: <a href=\"https:\/\/www.gunsamerica.com\/digest\/bills-backdoor-bankruptcy\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"should-you-be-allowed-to-keep-your-guns-if-you-declare-bankruptcy\" title=\"Should You Be Allowed to Keep Your Guns If You Declare Bankruptcy? \u00a0\">Two Bills Trying to Backdoor the Gun Industry into Bankruptcy<\/a><\/h2>\n\n\n\n<p>\u201cNo American should ever have to sacrifice their constitutional rights because of their financial situation,\u201d said Congresswoman Tenney in a February press release.<\/p>\n\n\n\n<p>\u201cThe Second Amendment is a constitutional right for all Americans, even those experiencing financial hardship,\u201d she added. \u201cI am honored to lead this important legislation that protects the rights of gun owners everywhere, no matter their financial situation.\u201d<\/p>\n\n\n\n<p>Co-sponsors for the Protecting Gun Owners in Bankruptcy Act include Reps. Paul Gosar (AZ-9), Randy Weber (TX-14), and Doug Lamborn (CO-5).<\/p>\n\n\n\n<p>What are your thoughts about this bill?&nbsp; Should firearms be a protected asset during a bankruptcy filing? <\/p>\n\n\n\n<p class=\"has-text-align-left\" style=\"font-size:24px\"><strong><em>*** <a href=\"https:\/\/gunsamerica.com\" target=\"_blank\" class=\"clickTracking\" campaign=\"should-you-be-allowed-to-keep-your-guns-if-you-declare-bankruptcy\" title=\"Should You Be Allowed to Keep Your Guns If You Declare Bankruptcy? \u00a0\" target=\"_blank\" rel=\"noreferrer noopener\">Buy and Sell on GunsAmerica!<\/a> ***<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cNo American should ever have to sacrifice their constitutional rights because of their financial situation,\u201d said Congresswoman Tenney in a February press release.<\/p>\n","protected":false},"author":34,"featured_media":177270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[244,25,240],"tags":[132,607,122],"featured":[],"hunt365":[],"class_list":{"0":"post-177269","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-2nd-amendment-r2kba","8":"category-current-events","9":"category-this-week","10":"tag-buzz","11":"tag-news","12":"tag-r2kba"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Should You Be Allowed to Keep Your Guns If You Declare Bankruptcy? \u00a0<\/title>\n<meta name=\"description\" content=\"Should firearms be a protected asset class when an individual files for bankruptcy or should creditors have access to them?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gunsamerica.com\/digest\/should-you-be-allowed-to-keep-your-guns-if-you-declare-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should You Be Allowed to Keep Your Guns If You Declare Bankruptcy? \u00a0\" \/>\n<meta property=\"og:description\" content=\"\u201cNo American should ever have to sacrifice their constitutional rights because of their financial situation,\u201d said Congresswoman Tenney in a February press release.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gunsamerica.com\/digest\/should-you-be-allowed-to-keep-your-guns-if-you-declare-bankruptcy\/\" \/>\n<meta property=\"og:site_name\" content=\"Gun Reviews and News | GunsAmerica.com\/Digest\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/gunsamerica\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-21T22:26:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-08T18:09:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2023\/03\/H.R.962.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2328\" \/>\n\t<meta property=\"og:image:height\" content=\"1298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"S.H. 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