Legal Opinion
In re Hamm
United States Bankruptcy Court, N.D. Illinois
Decided July 9, 2018No. Bankruptcy No. 17-81489PublishedCited by 1 opinion
1Opinion of the Court
Thomas M. Lynch, United States Bankruptcy Judge
This matter comes before the court on the Chapter 7 trustee's objection to the Debtor's claim that the funds she holds in an Edward Jones account are exempt as retirement plan assets under 735 Ill. Comp. Stat. 5/12-1006. (ECF No. 26. (the "Objection").) The Debtor, Penny C. Hamm, had been listed as a beneficiary on her mother's retirement account. After her mother died, Ms. Hamm opened a new "Individual Retirement Account" at Edward Jones with proceeds from her mother's account. The Debtor now asserts the funds in her account qualify for the…
2Cases cited9 opinions
- Arbaugh v. Y & H Corp.Supreme Court of the United States · 2006
- In the Matter of Richard E. BARKER, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1985
- Clark v. RamekerSupreme Court of the United States · 2014
- In the Matter Of: Fred E. Schoonover, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 2003
- In Re James George ONDRAS, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1988
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3Cited by1 opinion
- In re: Lynette KapsinowSupreme Court of Rhode Island · 2019