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โˆ™ 2005-10-06 19:26:09
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Q: Can bankruptcy affect your IRA
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In bankruptcy can they take your 401K or IRA?


If you have an IRA can they take money from it when you go into bankruptcy?

IRA's are exempted personal property. Creditors can not touch this money to pay debths.

If you file Chapter 7 or Chapter 13 bankruptcy can they take your IRA?


Would assets in an inherited ira be protected from creditors in a chapter 7 bankruptcy?

No the IRA would no longer be protected having been inherited.

Are assets in a self directed IRA protected from creditors or bankruptcy?

Yes Yes

Are annuities protected when filing bankruptcy?

Only if they are in a qualified retirement plan, like an IRA.

Bankruptcy and inheritance?

Three years after bankruptcy you inherit, does that affect your inheritance

How does bankruptcy affect your credit ratings?

Bankruptcy lowers your credit report.

Is a roth IRA protected from bankruptcy court? Anyone have more current information? Or is info still current?

What has the author Ira Distenfield written?

Ira Distenfield has written: 'We The People's Guide to Estate Planning' -- subject(s): Business, Nonfiction, OverDrive 'We the People's guide to bankruptcy' -- subject(s): Bankruptcy, Business, Nonfiction, OverDrive, Popular works

How does a dismissed bankruptcy affect your credit?

A dismissed bankruptcy will affect your credit, but not severely. It may only lower it by a couple points or so.

How would bankruptcy affect a license to sell insurance?

Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.

Does bankruptcy affect eic eligibility?


Where can you find information about corporate bankruptcy laws?

Does corporate bankruptcy affect personal credit?

Can you keep your IRA when you file for bankruptcy?

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.

Can you get a marriage visa from Australia if you have filed for bankruptcy?

In what ways affect a bankruptcy your Australian marriage visa?

Does bankruptcy affect immigration to Australia?


Does file bankruptcy affect tax return?


I am nearing retirement and have many credit card bills to pay which i cannot afford. is bankruptcy an answer and will it affect my partner if it is personal bankruptcy?

You should definitely discuss bankruptcy with an experienced attorney. It will affect your partner only if you have joint debts that wll have to be listed in the bankruptcy. S/he will have to pay the debt.

How does my poor credit and or bankruptcy affect my children getting student loans?

It does not affect them.

How will bankruptcy affect the sale of real estate property?

No property can be sold, transferred, refinanced, etc. while in bankruptcy without the permission of the bankruptcy court.

How do the new bankruptcy laws affect bankruptcy lawyers?

The signature by an attorney on the bankruptcy petition is a certification that he or she has no knowledge, after a diligent inquiry, that the information on the schedules is incorrect.

Can you make an Ira contribution prior to bankruptcy filing?

You can, but it will likely be reviewed and reversed by the court as being preferntial and in anticpation of bankrutpcy.

When is it safe to withdraw IRA after bankruptcy?

Wait until the case is closed. To be absolutely safe, waith six months from that date.

Will I get a stimulus check if I am in chapter 13 bankruptcy?

Filing for bankruptcy will not impact whether you receive a stimulus check or not. Checks that affect your bankruptcy must be significant amounts.