Court Locations

Greenbelt
6500 Cherrywood Ln - Greenbelt, MD 20770 - Main Tel: 301-344-8018 map
Baltimore
101 W Lombard St Room 8530 - Baltimore, MD 21201 - Main Tel: 410-962-2688
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The Chapter 7 trustee objected to the debtors' exemption of a deferred compensation plan. This opinion holds that The Maryland State Employees Deferred Compensation Plan and Trust (the "Plan") is a pension plan that is both excludable from the debtors' bankruptcy estate pursuant to Section 541(c)(2) of the Bankruptcy Code and and that even if it is includable in the estate pursuant to 11 U.S.C. § 541(a), it is exemptible from the estate pursuant to the law of the State of Maryland. Accordingly, the objection will be overruled, for the following reasons.

Entered: 
2000-11-07
Case: 
96-58962
Judge: 
James F. Schneider