Legal Question in Bankruptcy in Iowa
Is social security income exempt in a chapter 7 bk.
Is the 403b exempt.
Asked on 10/15/09, 5:59 pm
1 Answer from Attorneys
Robert Luedeman
solo practitioner
Pension and social security income is exempt from garnishment, if that's what you mean. Beyond that you'll have to consult a bankruptcy lawyer to assess the applicability of 403(b) plans. The question would be whether the assets that back the plan are exempt.
Answered on 10/16/09, 9:25 am
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