Non-compliant plan is exempt in bankruptcy 
Published: April 27, 2012
Tags: Chapter 7, Internal Revenue Code, Keough retirement plan, retirement plan
A retirement plan that was not technically “tax qualified” under federal law is exempt from the taxpayer’s bankruptcy estate, the 10th Circuit has ruled in applying Utah law.
Non-compliant plan may be exempt in bankruptcy
Published: December 28, 2011
Tags: Chapter 7, Internal Revenue Code, Keough retirement plan, retirement plan, taxation
A retirement plan that was not technically “tax qualified” under federal law may still be exempt from the taxpayer’s bankruptcy estate, the Utah Supreme Court has ruled in answering a certified question from a U.S. District Court.
