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

October 08, 2019

What Happens When an Infectious Disease Results From a Delay in Diagnosis?

READ MORE
September 20, 2019

Attorney Jeffrey S. Badgley named to Million Dollar Advocates Forum

READ MORE
August 21, 2019

Medical malpractice – Delays in Cancer Diagnosis

READ MORE
BROWSE ALL OUR BLOGS