How small can an over-spinning body be in general relativity?
  The angular momentum of the Kerr singularity should not be larger than a threshold value so that it is enclosed by an event horizon: The Kerr singularity with the angular momentum exceeding the threshold value is naked. This fact suggests that if the cosmic censorship exists in our Universe, an over-spinning body without releasing its angular momentum cannot collapse to spacetime singularities. A simple kinematical estimate of two particles approaching each other supports this expectation and suggests the existence of a minimum size of an over-spinning body. But this does not imply that the geometry near the naked singularity cannot appear. By analyzing initial data, i.e., a snapshot of a spinning body, we see that an over-spinning body may produce a geometry close to the Kerr naked singularity around itself at least as a transient configuration. 
Ken-ichi Nakao, Masashi Kimura, Tomohiro Harada, Mandar Patil, Pankaj   S. Joshi
gr-qc hep-th