i most likely am going to file ch13 but not till next year sometime probably june -july. today is the last day to sign up for our IRA retirement plan should i sign up for this, is it worth it. will they take this away from me if i file bk. a little confused and i have to make this decision today. any help would be appreciated.
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can't take regular retirement funds away from you (401K, 403b) but not sure about IRAs. I would assume not, that it would be safe there, so a good plan.Filed CH 13 September 17, 2007
Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013! -
Retirement accounts are exempt and the money therein at the time of filing; however, contributions are not as they are voluntary and are funds that are available for creditors. You will have to provide a listing of what you have been contributing to this account for at least six months prior to filing as they will want to see where your funds have been going prior to filing. Since you are opening this up as preplanning to file as a place to put some money before filing, it could be viewed negatively when you file due to the timing. I would suggest speaking with a BK attorney first before you do anything._________________________________________
Filed 5 Year Chapter 13: April 2002
Early Buy-Out: April 2006
Discharge: August 2006
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