In re Rechlin
United States Bankruptcy Court, M.D. Florida
1Opinion of the Court
ORDER DENYING MOTION FOR TURNOVER OF DIVIDEND
Michael G. Williamson, Chief United States Bankruptcy Judge *672THIS CASE came on for consideration on the Trustee's motion seeking turnover of a $ 1,056.40 dividend the Debtor received from Publix stock being held in his 401(k) retirement plan.1 The Debtor is employed by Publix Supermarkets, Inc.2 Publix apparently offers a 401(k) plan that allows employees to invest their retirement contributions in company stock.3
There is no dispute that the Debtor's 401(k) is exempt.4 So the Trustee has no right to administer-nor does she seek turnover of-the…
2Cases cited1 opinion
- First Nat. Bank & Trust Co. v. GlennDistrict Court, W.D. Kentucky · 1941