Posts tagged with: "Bankruptcy-Code-522(d)(12)" Results 1 - 20 of 43
Sorted by Relevance | Sort by Date
RSS Subscribe: 20 results | 100 results
16 Feb 2022, 5:30 am by Col Ovik
The exemption in the Bankruptcy Code is based on the tax-exempt status of the IRA. 11 USC §522(d)(12) provides an exemption to “[r]etirement funds to the extent that those funds are in a fund or account that is exempt from taxation under section 408 of the Internal Revenue Code. [read post]
1 Apr 2011, 5:15 am by Greg Herman-Giddens
Moser (2011, DC TX) 2011 WL 938310,  reversed the bankruptcy court and held that a debtor's inherited IRA met the requirements for a bankruptcy exemption under Bankruptcy Code §522(d)(12). [read post]
17 Oct 2015, 2:20 pm by Charles (Chuck) Rubin
This exemption in the Bankruptcy Code is tied to the tax-exempt status of the IRA. 11 USC §522(d)(12) provides an exemption to “[r]etirement funds to the extent that those funds are in a fund or account that is exempt from taxation under section ... 408 ... of the Internal Revenue Code of 1986. [read post]
11 Apr 2014, 7:41 am
The pillars of that decision are as follows: (a)  Congress could not have meant to change long-standing bankruptcy law that “that liens pass through bankruptcy unaffected”, and courts do not look at a clean slate (with no history) when interpreting Bankruptcy Code provisions; (b)  even though §506(a) and §506(d) both use the term “allowed secured claim”, it is an ambiguous, undefined term, and does not… [read post]
3 Mar 2010, 7:48 pm by Carter Ruml
Section 522(d)(12) of the Bankruptcy Code provides a bankruptcy exemption (i.e., creditor protection) for “retirement funds” to the extent that those funds are in a fund or account that is exempt from taxation under section 401, 403, 408, 408A, 414, 457, or 501(a). [read post]
19 Mar 2012, 2:42 pm by Frank L. Brunetti
  Notably, under Bankruptcy Code §522(d)(12), such assets include “retirement funds,” to the extent that they are in a fund or account that is exempt from taxation under the Internal Revenue Code…” For the entire article please visit the Bankruptcy & Creditors’ Rights Blog. [read post]
12 Dec 2016, 11:56 am by Robert Chewning, Esq.
  The Federal Bankruptcy Code provides for an exemption for your primary residence under 11 U.S.C. 522(d)(1), (5). [read post]
24 Mar 2010, 10:19 pm by Carter Ruml
With this background in mind, the Court focused on the meaning of “retirement funds” within section 522(d)(12) of the Bankruptcy Code. [read post]
7 Nov 2010, 11:51 am by Joseph C. McDaniel
Notwithstanding subsection A, in accordance with 11 U.S.C. 522 (b), residents of this state are not entitled to the federal exemptions provided in 11 U.S.C. 522 (d). [read post]
12 Jun 2012, 1:04 am by michael
 One such way was the addition of 11 USC 522(d)12 which permits the debtor to exempt retirement funds to the extent they are in a fund or account that is exempt from taxation under sections 401, 403, 408, 408A, 414, 457, or 501(a) of the Internal Revenue Code (“IRC”). [read post]
12 Apr 2010, 7:20 am
Retirement Assets Debtors can exempt retirement funds under § 522(d)(12) of the Bankruptcy Code. [read post]
29 Feb 2012, 9:27 am
During a Chapter 7 bankruptcy, retirement accounts are normally exempt or not considered part of the bankruptcy estate. 11 U.S.C. 522(d)12, passed in 2005, allows up to $1,095,000 in retirement funds exempted from taxation to be retained by each spouse when a debtor files for bankruptcy. [read post]
19 Jul 2011, 5:46 pm by Shawn Wright
 Specifically, Section 522(d)(12) of the Bankruptcy Code gives you the right to protect qualified tax accounts. [read post]