U.S. High Court To Rule On Bankruptcy Exemption For Inherited Retirement Accounts

U.S. High Court To Rule On Bankruptcy Exemption For Inherited Retirement Accounts

WASHINGTON, D.C. - The U.S. Supreme Court on Nov. 26 granted certiorari in a case in which a debtor couple contend that high court review is needed to settle a split in the circuit courts regarding whether Chapter 7 debtors are permitted to exempt money in an inherited individual retirement account (IRA) from their bankruptcy estate (Brandon Clark, et al. v. William Rameker, No. 13-299, Chapter 7, U.S. Sup.).

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