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Home / Practice Areas / Bankruptcy Law / Bankruptcy: Exemption – IRA Account – Retirement Funds

Bankruptcy: Exemption – IRA Account – Retirement Funds

Doeling v. Nessa (MLW No. 60480/Case No. 10-6009 - 6 pages) (U.S. Bankruptcy Appellate Panel, Schermer, B.J.) 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 "retirement funds" under Section 522(d)(12) even though it was ...