Legal Question in Bankruptcy in Florida

Property exempt from creditors

Are cash and stock in a retirement account exempt from creditors or do you have to liquidate it to pay creditors. Please cite the relevant section in state and federal law on this.


Asked on 8/21/01, 8:53 pm

1 Answer from Attorneys
Richard Birkenwald Richard Birkenwald, Esq.

Re: Property exempt from creditors

Benefits and contributions to retirement or profir-sharing plan qualified under I.R.C, 100% exempt. Florida Statute creating exemption: FSA 222.21 (2).

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Answered on 8/22/01, 1:56 pm


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