Patterson v. Shumate(redirected from Patterson versus Shumate)
Patterson v. Shumate
A 1992 court case in the United States holding that assets one holds in a pension or other investment vehicle on which transfer is restricted may not be surrendered in bankruptcy. That is, these assets may not be liquidated and distributed to creditors.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved