Legal Opinion

In Re: Richard Gerald Rousey in Re: Betty Jo Rousey, Debtors. Richard Gerald Rousey Betty Jo Rousey v. Jill R. Jacoway

Court of Appeals for the Eighth Circuit

Decided January 9, 2004No. 02-3505PublishedCited by 10 opinions

1Opinion of the Court

HANSEN, Circuit Judge.

Debtors Richard Gerald Rousey and Betty Jo Rousey appeal a judgment of the Eighth Circuit Bankruptcy Appellate Panel 2 affirming an order of the bankruptcy court 3 that disallowed claimed exemptions in two Individual Retirement Accounts (IRAs). The sole issue on appeal is whether the debtors’ IRAs are exempt from the bankruptcy estate pursuant to 11 U.S.C. § 522(d)(10)(E). Following the precedent in this circuit, we hold that the funds are not exempt, and we affirm.

I

The debtors filed a voluntary petition for relief under Chapter 7 of the bankruptcy code. Included in…

2Cases cited8 opinions

  1. Patterson v. ShumateSupreme Court of the United States · 1992
  2. In Re: Nadine F. Eilbert, Debtor. Nadine F. Eilbert v. David Dennis Pelican Anita L. ShodeenCourt of Appeals for the Eighth Circuit · 1998
  3. In Re Glen H. Huebner, Debtor. Glen H. Huebner v. Farmers State Bank, Grafton, IowaCourt of Appeals for the Eighth Circuit · 1993
  4. Carmichael v. OsherowCourt of Appeals for the Fifth Circuit · 1996
  5. Huebner v. Farmers State Bank, GraftonSupreme Court of the United States · 1993

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3Cited by10 opinions

  1. Rousey v. JacowaySupreme Court of the United States · 2005
  2. Gonzales v. Davis (In Re Davis)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2005
  3. Clark v. LindquistSupreme Court of Minnesota · 2004
  4. In Re HaneyUnited States Bankruptcy Court, E.D. Pennsylvania · 2004
  5. In Re JenkinsUnited States Bankruptcy Court, D. Minnesota · 2003

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