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In re Heffron-Clark

In re Heffron-Clark

Ruling
Inherited IRA was not "retirement funds" and was not exempt.
Procedural posture

In the bankruptcy proceeding initiated by bankruptcy debtor and her husband, a bankruptcy judge held that an inherited IRA did not represent retirement funds in the hands of the debtor and so was not exempt under 11 U.S.C.S. § 522(b)(3)(C) and (d)(12). A district judge of the United States District Court for the Western District of Wisconsin reversed. The bankruptcy trustee appealed.

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Court :
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on April 23, 2013 , LexisNexis #0513-044