In Re Dunn

MEMORANDUM AND ORDER

BILL H. BRISTER, Bankruptcy Judge.

Darrell Dean Dunn and wife, Mary Frances Dunn, filed petition in voluntary bankruptcy on January 30,1979. During a period in their prebankruptcy past, while they enjoyed greater affluence than that which existed at the time the bankruptcy petition was filed, Darrell Dean Dunn had opened an Individual Retirement Account (IRA) with the Lubbock National Bank at Lubbock, Texas. That bank serves as the trustee contemplated by Internal Revenue Code § 408. At the time the petition in bankruptcy was filed the balance in the IRA account…