Don’t Spend Your Retirement. Protect It.
For years, you have been told to stay away from your retirement account/401(k), no matter how dire your financial situation. Yet, now you face overwhelming debt and a choice: delve into your retirement account or declare bankruptcy?
The truth is, you do not have to jeopardize your financial future to find financial relief today. You should not spend your retirement savings without first considering other debt relief options, such as bankruptcy.
Contact the experienced bankruptcy attorneys at Rothschild & Ausbrooks, PLLC, in Goodlettsville, to find a better way out of debt. Call 615-866-2265 or toll free at 866-656-8909 today. Our law firm has helped clients throughout Tennessee find financial relief for more than 30 years.
Are Retirement Accounts Exempt in Bankruptcy?
Retirement accounts that are exempt from taxes are also exempt from bankruptcy, up to more than $1 million. Retirement account bankruptcy exemptions include:
- Pension plans
- 401(k)s
- IRAs and Roth IRAs
- Stock bonus plans
- Money purchase plans
- Profit-sharing plans
- Employee annuities
In practically every bankruptcy case, the court and creditors will be unable to access your retirement savings. In other words, you can seek to be debt-free via a Chapter 7 or Chapter 13 bankruptcy while still protecting your right to retire financially secure.
Trust in a Better Future. Consider Bankruptcy.
When you have significant debt, bankruptcy can put you back on track while protecting your 401(k) or other retirement account. Trust in a better future by discussing your options with the experienced, board-certified bankruptcy lawyers at Rothschild & Ausbrooks, PLLC, in Goodlettsville, Tennessee. Contact us today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.