Exemptions – Social Security Payment
Where a debtor received a pre-petition lump sum payment of retroactive Social Security benefits, Section 407 of the Social Security Act excludes such funds from a debtor’s bankruptcy estate from the...
View ArticleExemptions – Inherited IRA
Where the debtor is the beneficiary of an IRA owned by her deceased father; and upon the death of the debtor’s father, the amount in the account was transferred to a different trustee but the recipient...
View ArticleEXEMPTIONS – IRA Account; Retirement Funds
Where a Chapter 7 debtor claimed an exemption in an inherited IRA account, the bankruptcy court properly overruled the trustee’s objection to the debtor’s claim because the money qualified as...
View ArticleSCOTUS: Debtors must claim full value of exemptions
Debtors' attorneys who are accustomed to having their clients' schedules of exemptions sail through the bankruptcy process may be unpleasantly surprised to find the interim trustees ratcheting up their...
View ArticleExemptions – Social Security Payment
Where a debtor received a pre-petition lump sum payment of retroactive Social Security benefits, Section 407 of the Social Security Act excludes such funds from a debtor’s bankruptcy estate from the...
View ArticleExemptions – Inherited IRA
Where the debtor is the beneficiary of an IRA owned by her deceased father; and upon the death of the debtor’s father, the amount in the account was transferred to a different trustee but the recipient...
View ArticleEXEMPTIONS – IRA Account; Retirement Funds
Where a Chapter 7 debtor claimed an exemption in an inherited IRA account, the bankruptcy court properly overruled the trustee’s objection to the debtor’s claim because the money qualified as...
View ArticleSCOTUS: Debtors must claim full value of exemptions
Debtors' attorneys who are accustomed to having their clients' schedules of exemptions sail through the bankruptcy process may be unpleasantly surprised to find the interim trustees ratcheting up their...
View Article