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What Happens to Your 401k in Bankruptcy?

Your retirement accounts (401K, IRA, Roth-IRA) are totally excluded or “exempted” from your bankruptcy. In fact, the law is very clear that your retirement account “stays” yours in bankruptcy. Retirement accounts are a fundamental element of your retirement planning. Creditors have no power to force you to liquidate your 401K or IRA in bankruptcy. Usually,… Read More »