Federal Practice & Bankruptcy: SCOTUS on Bankruptcy: Jurisdiction and Inherited IRAs Clarified

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In a rare burst of bankruptcy enthusiasm, the US Supreme Court in June issued two decisions on matters important to the administration of bankruptcy cases.

In re Bellingham, decided June 9, addressed a seemingly esoteric but central issue of bankruptcy court jurisdiction and clarified, at least in part, the court’s 2011 decision in Stern v. Marshall. Clark v. Rameker, decided June 12, determined whether or not inherited IRA accounts are exempt from liquidation under Title 11 and applicable state law, thus clarifying an issue important both to the administration of bankruptcy cases and to estate planning.

This New Hampshire Bar News Article features Bernstein Shur Attorney Jennifer Rood.

Please see full Article below for more Information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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