September 2014 Personal Injury Blog
Blog Posts in September, 2014
Are Funds in an Inherited IRA Protected in Bankruptcy?
Posted By Allmand Law Firm, PLLC
The Supreme Court finally addressed the issue of when an IRA does not count as a retirement account. For nearly ten years, the question of whether inherited IRAs are protected during bankruptcy has gone unanswered. Finally, the Supreme Court has answered it with a unanimous no. In Clark v. Rameker, Heidi Heffron-Clark filed for bankruptcy nine years after inheriting her mother's IRA. When the ...
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