The question posed in the article referenced below is can I file a bankruptcy to get rid of credit card debt while protecting my 401k account.  The answer is “yes” your retirement accounts are protected by bankruptcy exemptions in most cases with very few exceptions.  One exception would be if the debtor withdrew these funds.  Withdrawing the funds from the retirement account makes them available to the trustee and your creditors.

For more on this subject contact our office and read, “Is 401(k) safe in bankruptcy?”

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