top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

One time lumpsum retirement option

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    One time lumpsum retirement option

    If you have the option for a one time offer for a lumpsum retirement option when you retire and then payments of the rest of you`r retirement funds, can the trustee take the lumpsum as a asset with a chapter 7 if it is like a month after you!r discharge. I know my state retirement is 100% exempt frome creditors and the bankruptcy but what about the lumpsum check?
    thenks to anyone who knows the rules.

    Blue

    #2
    anyone???

    Comment


      #3
      I don't think so, often times, things like retirement, especiallly state funds maintain their exemption after being delivered...but its not always the case.

      If its after discharge, I do not think it will matter.

      Comment

      bottom Ad Widget

      Collapse
      Working...
      X