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Chapter 7 & 13 | Consumer Bankruptcy

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Retirement Accounts Awarded in Divorce May Not Be Exempt in Bankruptcy

The U.S. Supreme Court’s decision in Clark v. Rameker, 134 s.Ct. 2242(2014), saying that inherited IRAs are not exempt in bankuptcy, formed the basis for a 2018 ruling from the Bankruptcy Appellate Panel involving a different type of retirement account: divorce court-awarded IRAs and 401(k)s. While the bankruptcy code’s section 522(d)(12) allows an exemption for…

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Craig Andresen Elected Vice Chair of MSBA Bankruptcy Law Section

In May 2018, Craig Andresen was elected by the Bankruptcy Law Section to serve as Vice Chair for the 2018-19 year.  This position also entails supervising the Pro Bono Committee and assisting the committee in formulating its annual budget.  Other duties include serving on the planning committee for the annual Bankruptcy Institute.

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