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Home / Opinions / Courts / 8th U.S. Circuit Court of Appeals / Bankruptcy: Claimed Exceptions- Interests in Former Spouse’s Accounts- Retirement Funds

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

In his divorce proceeding, debtor was awarded one-half the value of his ex-wife’s retirement accounts. Debtor took no action to obtain title or possession to the accounts. However, debtor claimed an exemption for the accounts as retirement funds; the bankruptcy court disallowed the exception. Where debtor’s interest in retirement accounts merely resulted from a property settlement, ...