Legal Question in Bankruptcy in California

Can you file Bankruptcy with owning an IRA?

Can you file bankruptcy with an IRA? and can the credit cards still garnish waiges?


Asked on 7/26/03, 3:29 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Can you file Bankruptcy with owning an IRA?

One can file bankruptcy owning an IRA. One may exempt the amount that's reasonable and customary for one's retirement.

All wage garnishments must cease upon filing of bankruptcy. No creditor is permitted to engage in collection activities during its pendency. If you need help with your BK, please let me know. (310) 858-9771. -Robert F. Cohen, Esq.

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Answered on 7/26/03, 3:50 pm


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