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Posted Feb 9th, 2012
Can my IRA be attached in bankruptcy?



Legal Topic Area: Bankruptcy in KS

To the best of my knowledge, an IRA is protected up to about a million dollars in a bankruptcy, as long as it is in fact in a qualifed retirement account. I have heard of some exceptions to this popping up for IRAs that are inherited, but for most cases they are protected.

Mark J. Markus, Attorney at Law

Handling exclusively bankruptcy law cases in California since 1991.

http://www.bklaw.com/

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Answered on Feb 9th, 2012 at 2:01pm