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What else can I help you with?
Can you pull out your retirement and file chapter 7 bankruptcy?
Retirement funds are exempt, but if you take them out of a qualified retirement plan and put them into a regular account, they are no longer exempt. Get some good advice from an experienced bankruptcy lawyer before you do anything.
Is it possible to exempt a tax refund in chapter 7 bankruptcy?
You can't "exempt" anything.
Are annuities exempt in chapter 7 bankruptcy in Florida?
yes
When filing bankruptcy chapter 7 will they come after your 401k?
No. Never. It is exempt and protected.
Are series ee savings bonds exempt when filing chaper 7 bankruptcy?
As they are issued by the government, yes, the are exempt from Chapter 7.
Is product liability lawsuit exempt from chapter 7 bankruptcy asset?
No, it is an asset and must be disclosed.
Do you lose your RRSP's when declaring bankruptcy?
While registered pension plans [RPPs] are exempt from seizure in bankruptcy situations, most Registered Retirement Savings Plans [RRSPs] are not.
If you file chapter 7 bankruptcy does that eliminate paying back the parent plus college loan?
Student loans are exempt from bankruptcy as are IRS debts
Are Inflation savings bonds exempt when filing chapter 7 bankruptcy?
Inflation savings bonds, such as Series I bonds, are generally considered exempt from liquidation in Chapter 7 bankruptcy up to certain limits. However, the specific treatment of these bonds can vary by state, as bankruptcy exemptions can differ. It’s essential to consult with a bankruptcy attorney to understand how your local laws apply and to ensure that you properly account for these assets in your bankruptcy filing.
When you go bankruptcy do you have to put up your house for collatoral?
In most cases you will not lose your home during your bankruptcy case as long as your equity in the property is fully exempt. Even if your property is not fully exempt, you will be able to keep it, if you pay its non-exempt value to creditors in chapter 13.
After discharge on a chapter 7 bankruptcy can the trustee take your truck which is paid for?
If the vehicle was not included as non-exempt property in the BK petition it is considered exempt from sale and seizure.
Does cashing out my 401k effect my chapter 7 bankruptcy?
Cashing out your 401(k) can impact your Chapter 7 bankruptcy proceedings. While retirement accounts are generally exempt from bankruptcy, cashing them out converts those funds into liquid assets, which could be subject to liquidation to pay creditors. Additionally, the cash withdrawal may increase your income or assets, potentially affecting your eligibility for bankruptcy or the amount you can discharge. It's advisable to consult with a bankruptcy attorney before making any decisions regarding your 401(k).
