Legal Opinion
In re Velez
United States Bankruptcy Court, D. Puerto Rico
Decided January 13, 2014No. 12-07126 EAGPublished
1Opinion of the Court
OPINION AND ORDER
EDWARD A. GODOY, Bankruptcy Judge.
On September 10, 2012, debtor Antonio Rivera Velez filed a voluntary petition for relief under chapter 7 of the Bankruptcy Code. (Docket No. 1.) Debtor listed among his personal property in schedule B a savings and loan fund with the Asociación de Empleados del Estado Libre Asociado de Puerto Rico (“AEELA”) in the amount of $19,653.65. (Docket No. 8.) Designed to stimulate retirement savings among employees of the Commonwealth and other pension-covered AEELA members, an AEELA savings and loan fund is a type of spendthrift trust into which…
2Cases cited5 opinions
- Gerald W. Moody, and Jermoo's Incorporated, Debtors-In-Possession, Plaintiffs v. Amoco Oil CompanyCourt of Appeals for the Seventh Circuit · 1984
- French v. Johnson (In Re Coomer)United States Bankruptcy Court, N.D. Ohio · 2007
- In the Matter of Sherri L. Lyons, Debtor-Appellee. Robert M. Magill, Trustee v. State Employees' Retirement System of IllinoisCourt of Appeals for the Seventh Circuit · 1992
- Lauria v. Titan Security Ltd. (In Re Lauria)United States Bankruptcy Court, N.D. Illinois · 2000
- Caribbean Resort Construction & Maintenance, Inc. v. Coco Beach Utility Co. (In Re Caribbean Resort Construction & Maintenance, Inc.)United States Bankruptcy Court, D. Puerto Rico · 2003