URGENT UPDATE: Due to COVID-19, We Can Now File Your Bankruptcy Over The Phone With $0 Down Options. No Office Visit Required. Call (423) 479-4188. FREE CONSULTATION. Open Monday – Friday from 8:00 AM – 5:00 PM.

Richard Banks & Associates, P.C.
free consultations
local: 423-244-0009
toll free: 866-596-8527
Practice Areas

Posts tagged "IRAs"

7th Circuit: Creditors can access inherited IRAs in bankruptcy

Sometimes, major bankruptcy questions are left unresolved on a bigger scale when circuit courts do not agree. This creates an unsettled issue that is ripe, meaning the question is often appealable to the Supreme Court. An appeals court has recently decided that that inherited retirement accounts (IRAs) are not exempt from bankruptcy creditors in a bankruptcy case. This ruling differs vastly from rulings in other circuits.