eBook details
- Title: Nu-Way Energy Corp. v. Delp
- Author : Supreme Court Of Utah
- Release Date : January 06, 2006
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 73 KB
Description
Nu-Way Energy Corporation filed suit against Billy R. Delp, Jr. to collect on a $2 million judgment. Nu-Way sought a turnover order for assets held in Delps individual retirement account, including a 1998 judgment rendered in favor of the IRA, or alternatively garnishment of the proceeds of that judgment. Delp responded that the IRA, the judgment, and the proceeds of the judgment are exempt from creditors because the IRA was confirmed as an exempt asset in his bankruptcy proceedings and the judgment was obtained with proceeds from the IRA. The trial court rendered judgment in Delps favor.