Skip to main content
The Law Offices of Mayer & Newton

East Tennessee Bankruptcy Law Firm

  • Knoxville
  • •
  • Morristown
  • •
  • Sevierville

Mayer & Newton Bankruptcy Specialists - At the Law Offices of Mayer & Newton

Schedule Free Consultation
865.588.5111
  • Home
  • Our Firm
    • Attorney Profiles
  • Locations
  • Resources
    • Affiliations
    • Blog & News
    • Bankruptcy FAQ
    • Bankruptcy Terms
    • Videos
  • Payment Options
  • Contact Us
The Law Offices of Mayer & Newton

East Tennessee Bankruptcy Law Firm

  • Knoxville
  • •
  • Morristown
  • •
  • Sevierville
Schedule Free Consultation

Mayer & Newton, John Newton, Wins Important Case

Trustee Ann Mostoller challenged one of our client’s entitlement to an exemption of an IRA. The account through Merrill Lynch had a provision allowing margin calls.

The Bankruptcy Judge ruled in favor of the Trustee and the District Court Judge affirmed the Bankruptcy Judge’s decision.

John Newton on behalf of the client elected to appeal the decision to the 6th Circuit Court of Appeals. After briefing the case and arguing the case on Thursday, June 13, 2013 the 6th Circuit Court of Appeals in record time ruled in favor of our client and reversed the bankruptcy court Judge.

http://www.ca6.uscourts.gov/opinions.pdf/13a0166p-06.pdf

The decision in essence preserves bankruptcy debtor’s rights to exempt and keep all their retirement accounts as long as the account has been qualified by the Internal Revenue Service.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Locations

  • Knoxville
  • Morristown
  • Sevierville

Quick Links

  • Blog & News
  • Court Locations
  • Privacy Policy
  • Sitemap
Text Us Now
Make a Payment
Follow Us on FacebookFollow Us on TwitterFollow Us on LinkedInFollow Us on RSSFollow Us on YouTube

© 2019 Mayer & Newton Bankruptcy Specialists. All Rights Reserved.
Custom Site by VIEO Design