MidAmerica Savings Bank v. Miehe

CARTER, Justice.

Defendant, Ronald W. Miehe, appeals from an order denying his contention that a personal bank account consisted of personal earnings exempt from garnishment under Iowa Code section 642.21 (1987). After considering the arguments of the parties, we reverse the order of the district court and remand the dispute to that court for further proceedings.

Miehe purchased a home in 1981 in a transaction in which he assumed the existing mortgage obligation of the previous owners. He later defaulted on the payments. The plaintiff, MidAmerica Savings Bank, as successor to the original…