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In re Crum

In re Crum

Ruling
Non-IRA account containing proceeds of two IRA accounts was not exempt.
Procedural posture

A debtor filed for relief under chapter 7 of the Bankruptcy Code. The debtor claimed exemptions in three bank accounts totalling $254,902, $38,080, and $79 respectively and a claimed exemption in $11,000 conveyed to a third party pre-petition. A creditor and a chapter 7 trustee objected to the claimed exemptions.

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Consumer opinion summary, case decided on February 20, 2009 , LexisNexis #0409-005