Blogs

COURT TEES UP CASE FOR SCOTUS RE: INHERITED IRAS IN BANKRUPTCY (PART 3)

By Gilman & Edwards
16.05.13
11:53 PM

When a woman and her husband declared personal bankruptcy, they excluded from their list of assets the individual retirement account funds that the woman had inherited from her mother. They reasoned that the bankruptcy code exempts IRAs from the funds that creditors can tap, and this was an IRA. The ...

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COURT TEES UP CASE FOR SCOTUS RE: INHERITED IRAS IN BANKRUPTCY (PART 2)

By Gilman & Edwards
11.05.13
11:52 PM

We are continuing our discussion of a case that could change the way families write their estate plans and deal with their retirement funds. The parties to the lawsuit are not from Maryland, and the bankruptcy has nothing to do with Maryland, but there are a few important reasons for us to...

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COURT TEES UP CASE FOR SCOTUS RE: INHERITED IRAS IN BANKRUPTCY

By Gilman & Edwards
02.05.13
11:51 PM

The way inherited individual retirement funds are treated in a personal bankruptcy may well be up to the U.S. Supreme Court, thanks to a recent ruling from the 7th U.S. Circuit Court of Appeals. Maryland is not directly affected by this case — in fact, while three circuits have ruled on the issue, t...

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PAYROLL FIRM'S BANKRUPTCY CATCHES CLIENTS BY SURPRISE

By Gilman & Edwards
27.04.13
11:50 PM

It is hard enough to run a small business without having payroll issues. As one Maryland business owner said, it is better to be out in front of customers than stuck in a back room figuring out state and federal employment taxes. But the service is not cheap, and the loss of the service, depending o...

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AMR'S BANKRUPTCY PLAN INCLUDES CEO'S $19.9M SEVERANCE PACKAGE

By Gilman & Edwards
19.04.13
11:49 PM

American Airlines is poised to become the world’s largest passenger airline. The carrier’s parent company, AMR Corp., initially resisted the merger with US Airways Group Inc.; leadership believed the company could sort its finances out without the help or hindrance of a business combination on the t...

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