Shenwick & Associates a law firm with offices at 116 Plymouth Drive, Scarsdale, NY 10583 Phone # 917-363-3391, Email: jshenwick@gmail.com Website: https://sites.google.com/site/jshenwick/home, email jshenwick@gmail.com. Practice is limited to bankruptcy, workouts, offers in compromise with IRS , office leasing, taxi medallions and failed restaurants Please click the link to schedule a telephone call with me. https://calendly.com/james-shenwick/15min
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Sunday, March 03, 2013
Can my pension money be taken by a creditor or a bankruptcy trustee in a chapter 7 personal bankruptcy?
Pension money that is in a tax qualified pension plan such a Roth or IRA may be kept in a chapter 7 personal bankruptcy, provided that it does not exceed $1,171,650. Pension money is a 401(k), 403(b), SEP or a defined benefit plan, in any amount, is exempt in bankruptcy and may not be taken or seized by a bankuptcy trustee.
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