Money invested into a business with the expectation that the money will be ...
Bankruptcy Court for the District of Columbia Court Cases
In Re Jones (1997)
On stipulated facts, the defendant Internal Revenue Service ("IRS") seeks summary judgment adjudicating that its tax liens attached to the debtor's Thrift Savings Plan ("TSP") account and that it has an allowed secured claim for the amount of that account despite the anti-alienation provisions of 5 U.S.C. § 8437(e)(2) and the failure of the IRS to levy on the account before the debtor filed her bankruptcy case. The motion will be granted.
Court: Bankruptcy Court for the District of Columbia Docket: Bankruptcy No. 94-01296, Adversary No. 95-0043