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Home / Opinion Digests / Debtor May Exempt One of Two IRAs (access required)

Debtor May Exempt One of Two IRAs (access required)

A Roanoke U.S. Bankruptcy Court says a Chapter 11 debtor does not have an exemption for a smaller IRA account that he cashed out and did not rollover prior to claiming any exemption, but he may exempt a larger IRA which was deposited into an IRA CD during the 60-day rollover period and which debtor ...