The bankruptcy code provides provisions that allow the debtor to exclude certain property from being considered a part of the bankruptcy estate. Some of the excluded property items are (1) any power the debtor may exercise solely for the benefit of an entity other than the debtor; (2) funds placed in an education individual retirement account with specific time and money limitations; (3) funds used to purchase tuition credit or contributed to an account under a qualified state tuition program with specific time and money limitations; (3) any amount withheld by an employer or received by an employer from an employee for payment as contribution to an ERISA qualified plan, a qualified deferred compensation plan, a qualified tax deferred annuity, or a health insurance plan regulated by state law.

Jeffrey Herrick