Protecting Gun Owners in Bankruptcy Act

This bill changes bankruptcy law so people can keep some firearms if they file for bankruptcy. It lets a person protect up to $3,000 total in one firearm or in multiple firearms from being taken to pay debts. It also aligns other parts of the law so these firearms are covered like other protected household items.

These changes start on the day the bill becomes law and only apply to bankruptcy cases filed after that date.

• Who is affected: People filing for bankruptcy
• What changes: Up to $3,000 total in one or more firearms can be kept as protected property
• When: Applies to cases started on or after the day the law takes effect