I recently retained a bankruptcy attorney and also comtemplating filing for chapter 7 bankruptcy. I have delayed filing since I want to explore settlement options before pulling the trigger.
I am only three months behind on my credit cards bill and mortgage. I cancelled the bank accounts with the afformentioned bank (Wells Fargo) but decided to leave my roth IRA with the bank since I was advised by the BK Attorney that they would not touch it since it was a retirement account.
Big mistake I just found out that they liquidated half of my roth IRA Brokerage account. How can they do this? Isnt this money protected?
Any information on this would be appreciatiated.
I am only three months behind on my credit cards bill and mortgage. I cancelled the bank accounts with the afformentioned bank (Wells Fargo) but decided to leave my roth IRA with the bank since I was advised by the BK Attorney that they would not touch it since it was a retirement account.
Big mistake I just found out that they liquidated half of my roth IRA Brokerage account. How can they do this? Isnt this money protected?
Any information on this would be appreciatiated.
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