In a bankruptcy case decided last term, the United States Supreme Court affirmed the 7th Circuit's decision holding that funds in an inherited IRA are not set aside for the debtor's retirement and are thus not "retirement funds." The court did note that IRAs inherited from a spouse may be treated differently. Clark v. Rameker , 573 US___, 134 S.Ct. 2242 (2014).
The 9thCircuit had previously held in In re Rosson that a debtor’s absolute right to dismiss their chapter 13 case was limited and that the bad faith conduct of a debtor was grounds to deny a request
In an unanimous decision, the United States Supreme Court reversed a decision of the Seventh Circuit Court of Appeals and resolved a split among the circuits, held that the “mere retention of property
This table has the virtual meeting information and preferred procedures by Chapter 7 trustee. (Check your download folder after you click the document.)