Legal Question in Bankruptcy in Georgia
exemptions
When filing bankruptcy are there any assets you are allowed to keep. Specifically IRA or Life insurance?
Asked on 5/17/02, 7:23 am
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: exemptions
Under federal and Ohio law, IRA's and death proceeds from insurance policies are exempt. You may only exempt up to $400 of cash value of the policy, however.
Answered on 5/18/02, 2:28 am
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