Legal Question in Credit and Debt Law in Texas

Are retirement funds ''protected''?

With respect to the collection of a lawsuit judgment,

Is a lump sum refund of money contributed to a company retirement program a 'protected' asset?

Does it matter that the person receiving the lump sum payment isn't the retiree, but the beneficiary of a deceased retiree?


Asked on 4/07/06, 5:33 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Are retirement funds ''protected''?

If it's your retirement fund, a fund for when you retire, it's protected. If it's a lump-sum payment from someone else's retirement fund, and you haven't rolled it into your retirement fund, it's fair game.

Read more
Answered on 4/07/06, 5:47 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas