Tag: U.S. Bankruptcy Code

Appellate Court Affirms That Divorce Retirement Assets Aren’t Protected

By Jane Meacham, Contributing Editor Oct 30, 2018 Benefits and Compensation

Updated: Oct 30, 2018

A federal appeals court upheld an earlier ruling that 401(k) plan and individual retirement account (IRA) assets acquired by an ex-spouse in a divorce proceeding aren’t retirement funds protected by federal law from bankruptcy creditors. The case is Brian A. Lerbakken, Debtor-Appellant v. Sieloff and Associates, No. 18-6018 (Bankr. 8th Cir., Oct. 16, 2018).

Can I Fire a Bankrupt Employee?

By New Mexico Employment Law Letter Sep 5, 2008 HR Hero Line

Updated: Sep 5, 2008

by Robert P. Tinnin, Jr. Q: I’m the owner of a business that sells big-ticket home furnishings. While reading the paper today, I discovered that my credit manager has filed for bankruptcy. Obviously, when the word gets around, it will really make me look like a fool! I want to fire him immediately, but a […]