Legal Question in Bankruptcy in Wisconsin

Re: Bankruptcy Protections for Retirement Savings

Yes, retirement savings can be seized by the trustee to pay one's debts in bankruptcy if they are not properly exempted. Various types of accounts allow varying degrees of protection from creditors depending upon who the creditor is. The IRS and taxing authorities have superior rights over other creditors even for accounts which are otherwise protected. You need to speak with an experienced bankruptcy lawyer.