Legal Question in Credit and Debt Law in Florida
I have sizable credit card debt but no judgement has been entered. If that day comes, can my IRA CD's at a New Jersey based internet bank be garnished or seized? I am a Florida resident.
Asked on 11/03/11, 9:05 am
1 Answer from Attorneys
Stephen Orchard
Law Offices of Stephen Orchard
IRA's are typically exempt under Florida law, but they must be titled and vested properly. I suggest that you consult with a Florida bankruptcy attorney to discuss.
Answered on 11/03/11, 9:50 am