Last May, we wrote about an 8th Circuit decision which held that inherited IRAs were protected assets in bankruptcy. Florida is part of the 11th Circuit, not the 8th Circuit, which means that bankruptcy judges and federal court judges are not bound to follow 8th Circuit Court of Appeals precedent, although circuit court decisions are often influential.
More on New Florida Law Adds Bankruptcy Protection to Inherited IRAs
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In previous posts, we have been discussing some of the rights debtors have under bankruptcy law, such as the ability to choose when to file and the protection from having to pay creditors after debts have been discharged fair and square. Here, we talk about yet another way in which bankruptcy law seems to favor the debtor, this time in regard to the way in which Inherited IRAs are protected in bankruptcy (in a way similar to how normal IRAs are protected).
Filed under Bankruptcy legislation, Consumer Protection by
In our last post, we discussed the right of debtors to choose when to file bankruptcy and a court case which helped confirm these rights. In this post, we discuss yet another recent court ruling which seems to favor the debtor. In this case, the ruling provides bankruptcy filers more protection from creditors.
More on Student Loan Interest Held Dischargeable by Supreme Court
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A few months ago, a ruling by an Idaho bankruptcy judge said that parents with a college savings plan for their children could lose the college savings to creditors when they file for bankruptcy.
More on Filing Bankruptcy May Put Your Child's College Savings at Risk
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Where do John McCain and Barack Obama stand on the nation's housing crisis? on bankruptcy reform, on economic issues that affect Americans fighting to avoid bankruptcy. Reuters news service has published a useful summary, which I am reprinting here:
More on Where the Presidential Candidates Stand on Housing and Economic Issues
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