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Results: 11-20 of 130

U.S. Supreme Court denies bankruptcy protection for inherited IRAs

  • Tucker Ellis
  • -
  • USA
  • -
  • July 17 2014

The U.S. Supreme Court's recent decision in Clark v. Rameker has given individuals with IRAs a new reason to consider the use of trusts as their

Despite earlier ruling, Stockton Judge confirms plan leaving pension obligations intact

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • November 6 2014

One month ago, Judge Christopher Klein ruled in the city of Stockton, CA bankruptcy case that public employee pension obligations can be impaired in

The Seventh Circuit interprets Wisconsin exemption law on college savings accounts and retirement annuities, but did it have jurisdiction? (part 2 of 2)

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • January 21 2015

As we explained in a post yesterday, the Seventh Circuit in In re Bronk (Cirilli v. Bronk), No. 13-1123 (7th Cir. Jan. 5, 2015), made some new law on

Court rejects the "prudent investor rate" in favor of the PBGC discount rate

  • Reinhart Boerner Van Deuren SC
  • -
  • USA
  • -
  • August 17 2010

A district court rejected the prudent investor rate theory and applied the Pension Benefit Guaranty Corporation (PBGC) discount rate to determine the amount of a PBGC termination liability claim

Court allows creditor to garnish top-hat plan benefits

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • April 18 2013

In Sposato v. First Mariner Bank, 2013 WL 1308582 (D. Md. March 29, 2013), a federal district court allowed the creditor (First Mariner Bank) of a

Supreme Court of Canada hears appeal of Re Indalex Limited

  • Osler Hoskin & Harcourt LLP
  • -
  • USA
  • -
  • July 16 2012

On Tuesday, June 5, 2012 the Supreme Court of Canada heard an appeal of the Ontario Court of Appeal’s decision in Re Indalex Limited (“Indalex”

Third Circuit concludes that employees’ unvested retiree benefits are protected during an employer’s Chapter 11 bankruptcy

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • September 3 2010

In re Visteon Corp., No. 10-1944-cv, 2010 WL 2735715 (3d Cir. July 13, 2010), the Third Circuit held that Visteon Corporation (Visteon) could not terminate unvested retiree health and life insurance benefits during a Chapter 11 bankruptcy without seeking court approval pursuant to Bankruptcy Code 1114, 11 U.S.C. 1114

Department of Labor proposes rule to speed distributions to participants of plans sponsored by bankrupt companies

  • Haynes and Boone LLP
  • -
  • USA
  • -
  • December 22 2012

The U.S. Department of Labor's Employee Benefits Security Administration announced a proposed rule that would expand its Abandoned Plan Program to include

Bankruptcy estate does not avoid control group status for withdrawal liability

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • February 28 2012

In 1999, Michael Cappy filed for bankruptcy protection

PBGC issues final PPA regulation on terminating plans in bankruptcy

  • Jones Day
  • -
  • USA
  • -
  • August 18 2011

On June 13, the Pension Benefit Guaranty Corporation ("PBGC") released a final rule that, in most cases, will reduce the amount of pension benefits guaranteed under the agency's single-employer insurance program when a pension plan is terminated in a bankruptcy case