Willis v. Menotte (In re Willis)
- Citation:
- (11th Circuit, Dec 31,1969)
- Tag(s):
-
- Ruling:
- The Bankruptcy Court committed no reversible error; affirmed based on the opinion of the District Court.
- Procedural context:
- Appeal from the opinion of the District court, affirming the decision of the Bankruptcy Court, that three of Willis's retirement accounts were not exempt from the bankruptcy estate.
- Facts:
- Willis engaged in actions prohibited by the IRC, which resulted in three of his retirement funds to lose their tax-exempt status. 26 U.S.C. §§ 408(e)(2), 4975(c)(1). As a result, the accounts are not exempt from Willis's bankruptcy estate. 11 U.S.C. § 522(b)(3)(C).
- Judge(s):
- Pryor, Cox (Circuit Judges), and Watkins (District Judge)
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