Legal Question in Bankruptcy in Illinois
Chapter 7 Bankruptcy Exempt Property
Are IRAs, 401Ks considered exempt? Do these type of accounts fall under the ''pension'' exemption?
Asked on 6/07/07, 1:46 pm
1 Answer from Attorneys
Charles Dobra
Charles Wm. Dobra, Ltd.
Re: Chapter 7 Bankruptcy Exempt Property
Yes, most of the time.
Answered on 6/07/07, 2:01 pm
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