- 11 U.S.C.
In re Daley
Oct
11
2011
Ruling
Funds in IRA involved in prohibited transaction were not exempt.
Procedural posture
Debtor filed a petition under Chapter 7 of the Bankruptcy Code, and a trustee was appointed to administer the debtor's bankruptcy estate. The trustee filed an objection to the debtor's claim that $61,646 he had in an individual retirement account ("IRA") was exempt from creditors' claims under Tenn. Code Ann. § 26-2-105(b) and 11 U.S.C.S. § 522(b)(3)(C).
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Court
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