In re Chilton, 674 F.3d 486 (5th Cir. 2012)

Mar 12, 2012

OUTCOME: Bankruptcy court reversed and client keep an inherited IRA.

Client inherited an individual retirement account account prior to filing bankruptcy. The bankruptcy court ruled that the account was not exempt (it would be taken by the trustee). We successfully appe ... aled to the Fifth Circuit which reversed the bankrutpcy court ruling.