- 11 U.S.C.
Addison v. Seaver (In re Addison)
Mar
30
2007
Ruling
Bankruptcy court properly denied homestead exemption and exemption for tuition savings plan for debtor's children.
Procedural posture
Debtor appealed from a judgment of the Bankruptcy Court for the District of Minnesota, that held that 26 U.S.C. § 529 tuition savings plans for debtor's children were assets of his estate under the former version of 11 U.S.C. § 541, denied his claim to a homestead and individual retirement income account exemptions, in the amounts involved in certain transfers, applying both Minnesota law and the Bankruptcy Code.
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