When filing a bankruptcy, whether your retirement funds will be affected depends on what vehicle or investment is housing your retirement assets. Most designated retirement accounts, such as an IRA, 401(k), 403(b), pension fund, and social security benefits will all be exempt from your bankruptcy case. This means that the trustee will not be able to seize your assets in order to repay your creditors. However, if your retirement assets are in the form of equity in your house or other non-exempt assets, then those funds could be unprotected in a Chapter 7 bankruptcy.
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