Clark v. Rameker

Jun 12, 2014

OUTCOME: U.S. Supreme Court rules in favor of Rameker

A daughter had inherited an IRA from her mother who had passed away. The daughter later filed for bankruptcy. Rameker's position was that non-spousal inherited IRAs do not have the qualities of retirem ... ent funds and, thus, are not protected from creditors in Chapter 7 bankruptcy proceedings.