Florida Bankruptcy and Inherited IRAs

Florida Bankruptcy and Inherited IRAs

Filing bankruptcy in Florida doesn’t mean you have to lose your IRA savings. IRAs (short for Individual Retirement Accounts) are exempt from the liquidation process of a Chapter 7 bankruptcy.  This means you can keep the full value of any IRA account when you file for bankruptcy. IRAs, as well as other forms of retirement savings, such as 401(k) accounts, are considered exempt property under Florida and federal law.  The idea is that a debtor’s retirement savings should not be sacrificed when a “fresh start” is needed.        Continue Reading

Recent Articles

May 30, 2019

New Prepaid Card Regulations Protect Consumers

READ MORE
February 12, 2019

How to Prevent Infant Drowning in Florida

READ MORE
August 10, 2018

When do you need an Orlando bicycle accident attorney?

READ MORE
BROWSE ALL OUR BLOGS