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In re Loren J. Nehlich and April M. Nehlich

Bankr. No.: 
02-10049
Chapter: 
7
Date of Decision: 
August 12, 2002
Issue: 
(1) May a debtor claim an Individual Retirement Account ("IRA") exempt under S.D.C.L. § 43-45-16? (2) May a debtor claim a "Roth IRA" exempt under S.D.C.L. § 43-45-16?
Ruling: 
(1) A debtor may claim an Individual Retirement Account ("IRA") exempt under S.D.C.L. § 43-45-16. (2) A debtor may claim a "Roth IRA" exempt under S.D.C.L. § 43-45-16. NOTE: The parties did not ask the Court to determine, and the Court did not determine, whether the $250,000.00 exemption provided for in S.D.C.L. § 43-45-16 is excessive.
Full Bankruptcy Court Decision: