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In re Butler

In re Butler

Ruling
Debtor's interest in partnership established by employer for employees was exempt.
Procedural posture

Debtor filed a petition under chapter 7 of the Bankruptcy Code and claimed that money she invested in a partnership that was available to individuals who worked for her employer was exempt from creditors' claims under 11 U.S.C.S. § 522(d)(10)(E). A trustee who was appointed to administer the debtor's bankruptcy estate filed an objection.

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Consumer opinion summary, case decided on May 29, 2012 , LexisNexis #0612-087