Legal Opinion
In Re Atallah
United States Bankruptcy Court, E.D. Pennsylvania
Decided January 18, 1989No. 16-16858PublishedCited by 21 opinions
1Opinion of the Court
OPINION
DAVID A. SCHOLL, Bankruptcy Judge.
A. INTRODUCTION
We are called upon in the present case to determine if the Debtor’s Individual Retirement Accounts (hereinafter referred to as “IRAs”) constitute property of the estate or whether they are excluded therefrom by operation of 11 U.S.C. § 541(c)(2). For the reasons discussed herein, we conclude that the exclusionary provisions of § 541(c)(2) are limited to restraints on transfer that are enforceable under state spendthrift trust law. We further conclude that the Debtor’s IRAs do not qualify as “spendthrift trusts” under Pennsylvania law.…
2Cases cited64 opinions
- United States v. Whiting Pools, Inc.Supreme Court of the United States · 1983
- Segal v. RochelleSupreme Court of the United States · 1966
- In Re Charles W. Graham, Debtor. Edward F. Samore, Trustee v. Charles W. Graham, Trustee of the Charles W. Graham, M.D. Ltd. Profit Sharing Plan TrustCourt of Appeals for the Eighth Circuit · 1984
- In Re Alan David Lichstrahl, Debtor. Alan David Lichstrahl v. Bankers TrustCourt of Appeals for the Eleventh Circuit · 1985
- General Motors Corporation v. David J. Buha and James B. Stone, County District JudgeCourt of Appeals for the Sixth Circuit · 1980
59 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Kosta P. Velis, Debtor-Appellant v. Mary Kardanis, Creditor-AppelleeCourt of Appeals for the Third Circuit · 1991
- First Options of Chicago, Inc. v. Kaplan (In Re Kaplan)United States Bankruptcy Court, E.D. Pennsylvania · 1993
- Matter of VelisDistrict Court, D. New Jersey · 1991
- Spencer v. Blanchard (In Re Blanchard)United States Bankruptcy Court, E.D. Pennsylvania · 1996
- Raymond Lione Morter, AKA D/B/A Swinengineering, Inc., Debtor-Appellant v. Farm Credit ServicesCourt of Appeals for the Seventh Circuit · 1991
16 more not listed; retrieve them via the Exa API.