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Keep Retirement in Bankruptcy

Questions answered for Keeping Retirement in Bankruptcy

You can generally keep your retirement accounts safe in bankruptcy. When your debts are more than you can handle, it is usually a bad idea to use your retirement funds to get out of debt. You can keep your retirement in bankruptcy, and wipe out debts even if your retirement fund is more than enough to pay your bills.

Don’t take money out of your retirement account if you are considering bankruptcy. Your money is safe and protected while it is in the retirement account, however, it becomes unprotected the minute you withdraw it.

If you’re considering filing for bankruptcy, contact experienced Bankruptcy Attorney Scott Humble for a consultation.

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Filing for bankruptcy can feel like the end of your financial life, but it’s really the beginning. The New York Bankruptcy Guide was created by Jamestown bankruptcy attorney Scott Humble to show residents how to become free of debt without sacrificing their personal belongings. Download our FREE Bankruptcy Guide.

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