The Trustee’s Power – Part 2

The Trustee’s Power – Part 2

The Trustee’s Power to Sell the Debtor’s House when Fully Encumbered by Perfected Liens (Part Two) By: John Lee In Reeves v. Callaway the Fourth Circuit Court of Appeals ruled that a Trustee can sell the debtor’s real property even though it is fully...
The Trustee’s Power – Part 1

The Trustee’s Power – Part 1

The Trustee’s Power to Avoid a Mortgage Lien and Sell the Debtor’s House (Part One) By John Lee The next three blogs will be on discussing the Trustee’s power to sell a debtor’s home and the use of exemption law to protect the home....
Is My Inherited IRA Safe in Bankruptcy?

Is My Inherited IRA Safe in Bankruptcy?

By John W. Lee, P.C. An IRA (Individual Retirement Accounts) that has been inherited is not exempt property in Bankruptcy. The United States Supreme court decided on June 12, 2014, in a rare unanimous decision that inherited IRA funds are not exempt in bankruptcy. The...