Legal Question in Bankruptcy in New Jersey
Bankruptcy Exemtions
In the State of New Jersey are IRA accounts exempt when one declares personal bankruptcy?
Asked on 9/22/97, 10:57 pm
1 Answer from Attorneys
Patrick A. T. West
Ohio Ticket Defense Patrick A. T. West, Attorney at Law
IRA account bankruptcy exemption
No, they are not exempt, unless you set up the IRA when you were in the military service, a City Board of Health employee, a Street & Water Dept. employee, a prison officer, a municipal employee, a county employee, a policeman or fireman, an Alcoholic Beverage Law Enforcement Officer, a judge, a school district employee, or a state policeman AND the IRA is part of your retirement benefits.
Answered on 9/23/97, 11:29 am