Don’t Touch Retirement Accounts In Bankruptcy
When facing unmanageable debt, people are willing to do almost anything to pay their bills, including cashing in their retirement savings. Don’t make that mistake. Most retirement assets are exempt, meaning they cannot be taken from you in bankruptcy.
If you are struggling to keep up with your bills, talk to a bankruptcy lawyer before making a decision that can affect your future. With decades of experience, Levitt & Slafkes, P.C., in Maplewood, New Jersey, has guided hundreds of clients in bankruptcy-related cases. Our attorneys provide valuable insight and are skilled negotiators.
Eliminating Your Debt Does Not Require Sacrificing Retirement
All qualified retirement accounts, including 401(k)s, pension plans, IRAs and others, are protected under the law. Retirement funds cannot be seized to repay creditors in Chapter 7 or Chapter 13. Nor can they be seized in Chapter 11 bankruptcy.
When you hire our firm, we work closely with you to develop a debt relief plan that provides the fresh start you need without compromising your future.
We Provide Free Consultations In Bankruptcy Matters
If you have concerns about losing your IRA or 401(k) in bankruptcy, contact Levitt & Slafkes, P.C., in Maplewood, New Jersey, for a free consultation with attorneys Bruce Levitt or Shelley Slafkes. You may have concerns about your retirement accounts, and we can provide answers. Financial difficulty is a temporary problem that doesn’t have to spoil your retirement. We will answer all your questions and explain how we can help you. Contact us through our online form or by calling 973-313-1200.