Legal Opinion

In re Shields

United States Bankruptcy Court, W.D. Missouri

Decided March 15, 2018No. Case No. 17–30321PublishedCited by 3 opinions

1Opinion of the Court

HONORABLE BRIAN T. FENIMORE, United States Bankruptcy Judge

The court must determine whether Debtors Wallace and Deborah Shields may exempt under Mo. Rev. Stat. § 513.430.1(10)(e) (2016) ("(10)(e)") some or all of the payments Wallace receives from his former employer Southwest Missouri Bank ("SMB") pursuant to a Supplemental Executive Retirement Plan ("SERP"). Because the Shieldses still owe SMB on three loans, the court must also determine whether SMB has a right of setoff that it may enforce against any portion of the SERP payments.

For the reasons set forth below, the court determines that…

2Cases cited33 opinions

  1. Citizens Bank of Md. v. StrumpfSupreme Court of the United States · 1995
  2. Rousey v. JacowaySupreme Court of the United States · 2005
  3. Warren v. Taff (In Re Taff)United States Bankruptcy Court, D. Connecticut · 1981
  4. Clotfelter v. Ciba-Geigy Corp. (In Re Threewitt)District Court, D. Kansas · 1982
  5. In the Matter of Richard L. Kochell, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1984

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3Cited by3 opinions

  1. Commerce Bank v. Robert R. McGowenSupreme Court of Iowa · 2021
  2. Commerce Bank v. Robert R. McGowenSupreme Court of Iowa · 2021
  3. Jeffrey R BartonUnited States Bankruptcy Court, E.D. Missouri · 2023

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