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January 09, 2007 at 07:57 PM
The U.S. Supreme Court today declined to review two insurance cases.
The court refused to consider appeals of Stanley R. Henricksen vs. Hartford Life and Accident Insurance Company, and 8th Circuit bankruptcy case, and it also refused to review Calvin David Fox vs.Prudential Financial et al., an 11th Circuit Case.
In the Henricksen case, a 3-judge bankruptcy appeals court panel looked at a case involving a bankruptcy debtor who said creditors and a bankruptcy trustee had misrepresented the way Minnesota law treats annuity and IRA assets. The appeals court panel concluded that Minnesota bankruptcy law may protect assets in IRAs and annuities funded with employment-based income, but it ruled against the debtor on other grounds.
