Legal Question in Bankruptcy in South Carolina
chapter 13
As a debtor, when filing chapter 13- are (IRA) retirement accounts considered as income? In other words, is it protected?
Asked on 3/29/07, 4:31 pm
1 Answer from Attorneys
Sheryl Schelin
Law Office of Sheryl Schelin
Re: chapter 13
Retirement accounts, including IRA accounts (but only up to $1 million ) were exempted by the new bankruptcy act amendments. See section 522(n) of Title 11.
Answered on 3/29/07, 5:36 pm
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