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Johns, In re

Johns, In re

Ruling
Debtor's IRA lost its tax-exempt status and thus did not qualify as exempt as the IRA did notsubstantially comply with the Internal Revenue Code because of the prohibited transactions.(Bankr. N.D. Tex.)
Issue(s)
Exemptions; Types of Exempt Property; Retirement Funds.

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Consumer opinion summary, case decided on March 26, 2024 , LexisNexis #0524-062