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MPM FINANCIAL GROUP, INC. v. MORTON

No. 2007-SC-000652-DG.

289 S.W.3d 193 (2009)

MPM FINANCIAL GROUP, INC., Appellant v. Michael P. MORTON, Appellee.

Supreme Court of Kentucky.

As Corrected June 29, 2009.

Attorney(s) appearing for the Case

Carroll Morris Redford III, Susan Yuk Wo Chun, Miller, Griffin and Marks, PSC, Lexington, KY, Counsel for Appellant.

Charles William Arnold, Lexington, KY, Counsel for Appellee.

John T. McGarvey, M. Thurman Senn, Morgan and Pottinger, P.S.C., Debra Kaye Stamper, Kentucky Bankers Association, General Counsel, Louisville, KY, Counsel for Amicus Curiae: Kentucky Bankers Association.

Opinion of the Court by Justice VENTERS.

This case is before this Court on a grant of discretionary review to determine whether KRS 427.170, which incorporates by reference the federal bankruptcy exemptions of 11 U.S.C. § 522(d), applies only to debtors in bankruptcy proceedings, or whether it renders those exemptions available to all individual debtors in Kentucky, including those who are not involved in bankruptcy proceedings. The Court of Appeals concluded...

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