The United States District Court for the District of Maryland ruled that a subcontractor, who brought a Maryland case as a result of performing work on a project located in the State of Maryland, would instead be forced to bring that case in the District of Columbia. This was because the project was performed for the District of Columbia Water and Sewer Authority and the […]
In the case of Sieber v. Rose, the United States Court of Appeals, Fourth Circuit, upheld the Bankruptcy Court’s determination that a Debtor’s failure to list an exempt property barred that Debtor from claiming those exemptions later. This decision the Court reached was that Debtor had acted in bad faith to conceal the assets of the estate and hinder administration by the credits. However, it […]
Judge Rice of the Maryland Bankruptcy Court reinforced earlier precedent which held that retirement funds remain retirement funds and are exempt (i.e. people filing bankruptcy or “debtors” get to keep them) even if they are taken out of a 401k or an IRA or are Social Security payments. This is the case, however, only if the funds can be directly traced to the retirement account. […]