Cirilli v. Bronk (In re Bronk)

(7th Cir. Jan. 5, 2015)

The Seventh Circuit addresses two Wisconsin exemption statutes and reverses in part the bankruptcy court’s decision. The bankruptcy court held that a state statute exempting “an interest in a college savings account” only applied to beneficiaries of such accounts, and not the owner of the account. The Seventh Circuit reverses, holding that the statute may also be used by owners of such accounts. The other statute at issue exempted “retirement benefits,” and the court affirms the bankruptcy court’s order permitting the debtor to claim as exempt an annuity under the statute. Opinion below.

2015-01-05 – cirilli v bronk