Legal Question in Credit and Debt Law in Florida

Retirement and judgements

Can judgements be taken from retirement funds in a savings account?


Asked on 7/17/08, 7:00 pm

1 Answer from Attorneys
Matthew Z. Martell Law Office of Matthew Z. Martell, P.A.

Re: Retirement and judgements

Assuming it is a regular savings account, then the answer is yes. If it is an IRA, 401K, pension, annuity, or cash value life insurance policy, then the answer is no. If I were you, I would consider contacting the person who has the judgment and making as settlement offer for a reduced amount in exchange for them giving you a Satisfaction of Judgment. Or just pull the money out of the bank and move it into an IRA or annuity.

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Answered on 7/17/08, 7:30 pm


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