United States First Circuit

The bankruptcy court properly ruled that debtor's assets in a profit-sharing plan and two IRAs funded with plan assets were part of the bankruptcy estate, available to satisfy the claims of creditors, where the district court did not err in finding that: 1) the debtor failed to maintain his profit-sharing plan in substantial compliance with the applicable tax laws; and 2) the debtor intentionally failed to disclose, and in fact deliberately concealed, the existence of the two IRAs into which the debtor had transferred assets from his profit-sharing plan.

Appellate Information

• Decided 11/25/2013
• Published 11/25/2013

Judges

• KAYATTA

Court

• United States First Circuit

Counsel