Bankruptcy creditors cannot get at inherited IRAs, a district court says
in reversing a previous bankruptcy court decision in favor of the creditors.
The case involved a debtor who inherited her mom’s IRA and then filed for bankruptcy.
Now all district courts and the one Appeals Court that has ruled on this subject
agree that even though the inherited IRA is titled in the name of the original owner
for the benefit of the heir, the exemption still applies.
(Chilton v. Moser, D.C., Tex.)