Which of the following was the ruling by the US Supreme

Question

Which of the following was the ruling by the U.S. Supreme Court in Rousey v. Jacoway, the case in the text involving whether funds in an Individual Retirement Account (IRA) qualify for a federal exemption in bankruptcy proceedings?

A. That funds in an IRA account are exempt from claims of creditors.

B. That funds in an IRA account are not exempt from claims of creditors.

C. That funds in an IRA account are exempt from claims of creditors only up to $5,000.

D. That funds in an IRA account are exempt from claims of creditors only up to $50,000.

E. That funds in an IRA account are exempt from claims of creditors only up to $500,000.

Answer

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