Bankruptcy: Claimed Exceptions- Interests in Former Spouse’s Accounts- Retirement Funds

Where debtor’s interest in retirement accounts merely resulted from a property settlement, funds in the accounts were not retirement funds exempt under federal law from bankruptcy proceeding as the exemption was limited to the individual who created and contributed funds into the accounts.

Judgment is affirmed.

In re: Lerbakken (MLW No. 72210/Case No 18-6018 – 5 pages) (U.S. Court of Appeals, 8th Circuit, Shodeen, J.) Appealed from U.S. Bankruptcy Court, District of Minnesota