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Your Kids College Funds And Bankruptcy

Are 529 Accounts Protected From Creditors? Understandably, debtors considering bankruptcy want to make sure they protect their assets especially those that are earmarked to go to their children. But one of the common misconceptions of debtors considering bankruptcy is that they can simply transfer some money into their kid's bank account or a 529 plan [...]

By |2017-12-13T03:59:05-05:00May 30th, 2010|Bankruptcy, Managing Your Finances, Property Exemptions|Comments Off on Your Kids College Funds And Bankruptcy

Is My Inherited IRA Protected In Bankruptcy?

Under 2005 bankruptcy reform, IRAs now enjoy projection when a debtor files for bankruptcy. Traditional and Roth IRA accounts with up to $1,171,650 in them are protected from creditor seizure during bankruptcy. That amount is reviewed very three years and may be increased based on the consumer price index (CPI).  However, the $1,171,650 limit on IRA's doesn't [...]

By |2018-11-14T23:49:29-05:00May 14th, 2010|Bankruptcy Q&A, Property Exemptions, Retirement|Comments Off on Is My Inherited IRA Protected In Bankruptcy?

How Can I Keep My Car In Bankruptcy?

In most parts of the country having a car can mean the difference between being able to keep your job or becoming unemployed.  That's why it is important that debtors considering bankruptcy understand the options available to them if they want to keep their car after filing for bankruptcy. Options available to debtors filing Chapter [...]

By |2018-11-12T21:54:17-05:00May 1st, 2010|Bankruptcy, Bankruptcy Q&A, Car Loans / Title Loans, Chapter 7 Bankruptcy, Loans / Mortgages, Property Exemptions, Repossessions|Comments Off on How Can I Keep My Car In Bankruptcy?
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