Are My Retirement Funds Protected if I File for Bankruptcy?
IRA’s and Pensions are protected no matter how much money you have in those funds. We have clients how have over $100,000 in their retirment funds and those funds are protected from your creditors. They do not go into the mix of determining what type of bankruptcy you qualifty for. But if you remove those funds and put them in a bank account, now they are assets and can affect what bankruptcy you qualify for.
Lee Abt is an Experienced Bankruptcy Lawyer in New Jersey - Call Today!
856-914-5100