- 11 U.S.C.
In re Chilton
Mar
05
2010
Ruling
Debtor could not claim exemption in inherited IRA.
Procedural posture
A bankruptcy debtor inherited an individual retirement account (IRA) from the debtor's deceased parent prior to the debtor's bankruptcy, and the debtor claimed an exemption in the property pursuant to 11 U.S.C.S. § 522(d)(12) as retirement funds in an account which was exempt from taxation. The bankruptcy trustee objected to the exemption.
ABI Membership is required to access the full summary of In re Chilton Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: