Tools-of-the-Trade Exemption Includes Digital Files as Documents.

The article examines the decision of the U.S. District Court for the District of Kansas to upheld a bankruptcy court decision which held that digital photographs and a website are exempt from creditors under a tools of-the-trade exemption statute. The district court's decision is a landmark decision that covers the issue of digital pictures, websites, and other intangible assets can be "tools of the trade" under an exemption law and thus instrumental for protecting digital business assets.