Seltzer v. Cochrane (In re Seltzer)
Court of Appeals for the Ninth Circuit
1Opinion of the Court
SKOPIL, Circuit Judge:
We must decide whether the retroactive application of a Nevada statute allowing debtors to exempt Individual Retirement Accounts from bankruptcy violates the Contract Clause of the United States Constitution. Both the bankruptcy court and the district court concluded that although the statute impaired private contract rights, the impairment was justified to achieve a valid public purpose. We agree and affirm.
I
Kenneth and Sharon Seltzer (debtors) filed a Chapter 7 bankruptcy petition in December 1992, listing debts exceeding $600,000. Relying on Nev.Rev.Stat. §…
2Cases cited15 opinions
- United States Trust Co. of NY v. New JerseySupreme Court of the United States · 1977
- Allied Structural Steel Co. v. SpannausSupreme Court of the United States · 1978
- Energy Reserves Group, Inc. v. Kansas Power & Light Co.Supreme Court of the United States · 1983
- General Motors Corp. v. RomeinSupreme Court of the United States · 1992
- Exxon Corp. v. EagertonSupreme Court of the United States · 1983
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- University of Hawaii Professional Assembly v. CayetanoCourt of Appeals for the Ninth Circuit · 1999
- In Re SeltzerCourt of Appeals for the Ninth Circuit · 1996
- University of Hawaii Professional Assembly v. CayetanoDistrict Court, D. Hawaii · 1998
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