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Absolutely. It being exempt from creditors is a main benefit of qualified retirement accounts.
Not "absolutely." Properly established IRAs are protected up to one million dollars, and a bankruptcy court can extend that higher. Any money that you withdraw from an IRA, unless it is all placed in another IRA or a 401(k) or other qualified retirement plan, is not protected.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoNo
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I own 2 homes with mortgages. If I file for bankruptcy and have an IRA that can pay for one of the two homes can I keep it?
Get professional help NOW. Your IRA is exempt, doing what you suggest only would mean you could lose it, and the house, when losing neither is actually possible.
Can a person keep and file bankruptcy if the home is under any mortgage?
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
Can bankruptcy affect your IRA?
NO
Can you keep your home if you file chapter 13 bankruptcy?
yes
Can you file a bankruptcy to keep from paying definciency on a foreclosure?
Yes.
Can you keep your vehicle if you file chapter 13 bankruptcy?
yes
Can you keep your home in a bankruptcy in NC?
It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.
You owe your sister money can you file bankruptcy on that loan?
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
In bankruptcy can they take your 401K or IRA?
No
Can you keep your home if you file a chapter 13 bankruptcy?
Yes, as long as you keep making the payments.
How long does Equifax keep a bankruptcy on file?
Generally ten years from the time of the last (closing) activity of the said bankruptcy.
