HALLIBURTON CO. v. MOR


231 N.J. Super. 197 (1988)

555 A.2d 55

HALLIBURTON COMPANY, PLAINTIFF, v. SAM MOR AND JOSEPH OFECK, DEFENDANTS.

Superior Court of New Jersey, Law Division Bergen County.

Decided December 23, 1988.


Attorney(s) appearing for the Case

David P. Doyle for plaintiff (Pitney, Hardin, Kipp & Szuch, attorneys).

Gabriel Kaszovitz for defendant Joseph Ofeck.


SWEEN, J.S.C.

The issue in this case is whether a judgment debtor's individual retirement account (IRA) is exempt from a judgment creditor's levy of execution to satisfy a judgment.

In 1983 plaintiff obtained a judgment against defendants, jointly and severally, for $63,134.25. The judgment has been unpaid except for $500 obtained from a levy on a bank account of one of the defendants in 1983. Plaintiff has now levied execution on an "IRA Account" of defendant...

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