by Walter Metzen | Feb 10, 2023 | assets in bankruptcy, Protecting your IRA in Bankruptcy, what assets can I keep if I file bankruptcy
A tax-qualified retirement account such as a 401(k), 403(b), or Simple IRA is generally “safe” in Chapter 7 bankruptcy. Safe, in the Chapter 7 bankruptcy context, means that the retirement account is safe from seizure and liquidation by the Chapter 7 Bankruptcy...
by Walter Metzen | Aug 3, 2020 | disclosing assets in bankruptcy, filing bankruptcy in Michigan, Protecting your IRA in Bankruptcy
MICHIGAN BANKRUPTCY: PROTECTING AN IRA IN CHAPTER 7 AND CHAPTER 13 In Chapter 7 and Chapter 13 bankruptcy, the primary dynamic for the individual filing bankruptcy is the exemption, or protection, of personal assets. If you have too much stuff, or the wrong...