Legal Question in Bankruptcy in Indiana
Bankrupcy
If you have an 401k rollover IRA is it protected during bankruptcy or do you loose the money.
Asked on 3/13/07, 9:50 am
1 Answer from Attorneys
E. Brian Davis
Davis Law Office
Re: Bankruptcy
The money the IRAs is generally exempt under 11 U.S.C. Section 522(d)(12) -- meaning that you keep it all when you file a bankruptcy petition. You should check with your bankruptcy lawyer, however, to make certain that no exceptions apply in your particular case.
Answered on 3/14/07, 1:06 am
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