IRA

Nebraska Bankruptcy Court Rules IRA Accounts Protected

By Sam Turco on March 9, 2011

Posted in Exempt Property, Retirement Accounts

Nebraska Bankruptcy Judge Thomas Saladino has issued a written opinion protecting funds held in an Individual Retirement Account (IRA). Creditor First National Bank of Wahoo objected to Troy Euse’s claim of an exemption protecting $163,000 held in his IRA account and another $240,000 in a 401(k) retirement account, case number 10-43179.

The debtor claimed…

Lincoln Homeowner Files His Own Case & Loses Home

By Sam Turco on January 27, 2011

Posted in Chapter 7

An unemployed pharmacist in Lincoln, Nebraska lost his battle to save his home from the claim of the Chapter 7 Trustee during a bankruptcy court hearing on January 5. In Re Bozarth, Bankruptcy Case Number 10-42629. The homeowner filed his own case and was not represented by an attorney at the hearing. The homeowner…