Legal Question in Credit and Debt Law in Florida

I have sizable credit card debt but no judgement has been entered. If that day comes, can my IRA CD's at a New Jersey based internet bank be garnished or seized? I am a Florida resident.


Asked on 11/03/11, 9:05 am

1 Answer from Attorneys
Stephen Orchard Law Offices of Stephen Orchard

IRA's are typically exempt under Florida law, but they must be titled and vested properly. I suggest that you consult with a Florida bankruptcy attorney to discuss.

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Answered on 11/03/11, 9:50 am


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