Patterson v. Shumate
Supreme Court of the United States
1Opinion of the CourtJustice Blackmun
The Bankruptcy Code excludes from the bankruptcy estate property of the debtor that is subject to a restriction on transfer enforceable under “applicable nonbankruptcy law.” 11 U. S. C. § 541(c)(2). We must decide in this case whether an antialienation provision contained in an ERISA-qualified pension plan constitutes a restriction on transfer enforceable under “applicable nonbankruptcy law,” and whether, accordingly, a debtor may exclude his interest in such a plan from the property of the bankruptcy estate.
HH
Respondent Joseph B. Shumate, Jr., was employed for over 30 years by Coleman…
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