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    #1

    Retirement Accounts

    My husband and I are close to filing Ch7 he has questions about how this affects retirement accounts. 403B/457 Deferred comp plan, etc...

    Any one know?

    Thanks.

    Schel
    Discharge 1/19/2009
    Tags: None
    #2
    ERISA qualified retirement accounts are exempt assets.

    Comment

      #3
      Have a "sit down" with a qualified bankruptcy attorney and he will help explain all the items that are exempt, including the retirement funds..... usually no charge for a consultation.... and will help you understand bankruptcy and its effects on your finances...

      Keep us posted.
      Minny

      "It's amazing the paths that our feet sometimes follow in life".

      My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.

      Comment

        #4
        Thanks.
        We are going to meet with an attourney, just asking questions before we go.
        Thanks again.
        Schel
        Discharge 1/19/2009

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