Will Creditors Stop Harassing Me When I File for Bankruptcy?
June 21, 2017Will I lose my assets if I file for Chapter 7?
June 21, 2017Our Professional Answer
Under the federal bankruptcy exemptions and under all state bankruptcy exemptions, qualified retirement funds are completely exempt. IRAs, 401(k)s, qualified retirement plans. These are all exempt under the bankruptcy code and state law. The idea is, the government does not want you to become impoverished because of the filing of bankruptcy in your old age.
