Are they exempt assets?
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Very fortunate in the grand scheme of things but have learned my lesson.
Filed 12/15/08, 341 1/12/09, Cont to 2/12/09, cont to 3/12/09, cont to 4/15/09, cont to 5/11/09, cont to 6/02/09. Discharged 9/16/09, Closed 10/23/09 -
Hi Lajazz,
We just filed Ch 7 yesterday, and our kids' 529 plans were exempted
The paralegal had just verified with us that we technically can't get to the money ourselves, since it's for the kids' education down the road.
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As far as I know that's still accurate, but check with your local bankruptcy attorney.May 31st, 2007: Petition Filed by my lawyer
July 2nd, 2007: 341 Meeting Held
September 4th, 2007: Discharged and Closed.Comment
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This is another one of those state by state questions.
In NY, fully exempt are 529 plans held for at least two years, and limited protection up to $5,000 for funds held for less than two years.
We almost put our entire tax refund(8500) in one last year for our daughter. I am so glad we didnt now.5/29 Filed 7~ 341-on 6/24
8/27-DISCHARGED
11/2 - CLOSED
EQ-604 EX-605 TU-560 ~4.5 months after dischargeComment
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