Legal Question in Bankruptcy in Ohio

Retirement Fund

Our son & his wife had their own business. She ran the business while our son worked full time at another job where he built up a retirement fund. His wife became ill with a chronic disease, and because of her absense from the business, they were forced to claim bancruptcy, and also had to forclose on their home. My question is this: How long do these poor kids have to wait before they can safely withdraw his retirement fund, and begin their fresh start. Any info you can give me is greatly appreciated. Thank you.


Asked on 2/18/06, 8:15 pm

1 Answer from Attorneys
Frank Rozanc Frank J. Rozanc, Esq.

Re: Retirement Fund

They must wait until the bankruptcy is fully discharged before touching those retirement assets. Any time before then, and the assets may be seized by the trustee.

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Answered on 2/23/06, 5:32 pm


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